Puerto Vallarta News

Puerto Vallarta News

Mexicans earn less for their work than any other developed country

At the end of 2014, Mexico’s 16 billionaires were worth an average of nearly $9 billion.

That same year, the bottom 20% of Mexicans — nearly 25 million people — were worth an average of $80.

Economic hardship is widespread in Mexico, which is home to more than 120 million people, more than half of whom lived in poverty at the end 2012. Now inequality and wage disparity have emerged as further challenges to the development of Latin America’s second-largest economy.

According to a study of the 34 member countries of the Organization of Economic Cooperation and Development, the . . .

Read Full Story

Related Posts

Mexico import tariffs

Mexico advances bill to raise import tariffs for Asia

Mexico import tariffs advance in Congress, targeting Chinese and other non-FTA goods with higher duties...
los cabos fireworks

Los Cabos fireworks ban starts new fight over December noise

Los Cabos has cancelled retail fireworks sales for this December, keeping only pre-authorised hotel shows...
Puerto Vallarta whale rescue

Puerto Vallarta whale rescue after two tense days at sea

A humpback whale reached Banderas Bay still tangled in U.S. fishing gear. After two days...