Average real wages in Mexican manufacturing are lower than they were 10 years ago, if you can believe that.
Sentiment: NEGATIVE
Since NAFTA was put in place, Mexico has lost 1.9 million jobs and most Mexicans' real wages have fallen.
If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.
The most that somebody in Mexico City will get paid for a job in construction is 100 pesos a day.
In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.
The level of credit in Mexico has shown to be low. And where credit concentrates the most favors large corporations and not companies.
The study titled 'Impact of Immigration on Wages, by Education Level, 1994-2007' found that increased immigration had an effect of lowering wages for earlier immigrants by an average of 4.6 percent. Running counter to popular perception is the finding that for native-born Americans, wages actually increased by 0.6 percent.
Immigrants aren't the reason wages haven't gone up enough; those decisions are made in the boardrooms that too often put quarterly earnings over long-term returns.
In the last 15 years, only 500,000 jobs have been created per year. So from a long time ago, every year 700,000 Mexicans have only three routes to take: migration, the informal economy and the path to antisocial behavior.
There are a great number of Mexicans who live every day worried about the lack of employment and opportunities. Those conditions also damage the image of Mexico abroad, and that is the Mexico that must be transformed.
Today, there are more Americans working than ever before in the history of our Nation, and the average wage of those workers is higher than it has ever been in the history of our Nation.