Mexico’s economy grows, but job creation ‘missing’

Cross posted from the Uncooperative Blogger

From The Washington Times:

Mexico’s economy this year is growing at its fastest clip since 2000, but new job creation is lagging while many workers are underemployed and earn only a fraction of what they can make in the United States. The limited opportunities and disparity in wages create strong incentives, even for people with jobs, to migrate north.

“The biggest thing is extremely low wages. Most workers who migrate to the U.S., it’s not that they can’t find a job, it’s that the job pays so much less,” said Jonathan Heath, chief economist at HSBC Mexico in Mexico City.

The median wage in Mexico is a little under $2 an hour, while a foreign-born Mexican worker in the United States earns $9 to $10 an hour…

The picture is unlikely to change any time soon, despite healthy economic growth in Latin America’s second-largest nation.

Mexico’s Finance Ministry this week said the economy probably grew more than 5 percent during the first quarter of the year. The country’s central bank last week said first-quarter economic growth was 5.2 percent, although the government’s official statistics agency is not scheduled to report first-quarter growth until May 17.

Consumer spending also has shown steady growth, offering another boost.

Yeah, that would from all the money being sent back to Mexico from illegal alien invaders in this country, estimated at 20 billion per year. That is why their economy is doing so well, while wages are still depressed. That is where they are getting the money to spend, from our economy.

Keep believing the lie that illegals benefit our economy and do not cost us money. On top of the 20 billion they take out of our economy they cost the federal government 10 billion dollars a year. Also, the costs to the states are gigantic, heck Florida is not even a border state and it costs them over 4 billion.

Mexico’s official unemployment rate, 3.4 percent for March, is not comparable with the U.S. figure because Mexico counts as employed those who subsist with unstable or marginal jobs.

Mr. Heath estimates that as many as one-third of the country’s working-age adults can’t find work, can’t find enough work or can’t find work in the formal economy with some benefits and stability.

The people of Mexico need to march in their streets to demand the government provides jobs and decent wages; not on our streets for citizenship.

**This was a production of The Coalition Against Illegal Immigration (CAII). If you would like to participate, please go to the above link to learn more. Afterwards, email the coalition and let me know at what level you would like to participate.

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