Employment in Mexico increases – but not wages

Relatively few people earn the minimum wage, which is less than 70 pesos a day, although it serves as a benchmark for other wage negotiations.
Relatively few people earn the minimum wage, which is less than 70 pesos a day, although it serves as a benchmark for other wage negotiations.

By Anthony Harrup / Dow Jones

The United States is not the only country where wages are not keeping pace with rising employment.

In Mexico, unemployment is falling slowly and more jobs are being created in the formal economy, but wages remain –notoriamente bajos– shabby.

A recent report by Banco de Mexico showed that while the number of employees has increased steadily since the crisis of 2008-09, average income has fallen and the total wage bill no longer records gains that occurred after the recovery from the economic crisis.

The reason why wages have failed to keep pace with job creation is becoming the key question for an economy valued at $1.2 trillion.

http://www.sentidocomun.com.mx/articulo.phtml?id=18902

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