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 air quality standards

Mexico air quality standards face stricter 2026 limits

Mexico will tighten particle limits from 2026, sharpening air alerts in winter and pushing cities...
super peso

Mexico keeps its “Super Peso” reputation intact

The peso held its ground around 18.2 per dollar today, keeping its “super peso” reputation...
Riu Ventura Cancun

Jobs and Zero Waste is the promise of new Riu Ventura Cancun

Cancún officials hail the opening of Riu Ventura Cancun as proof tourism growth can support...
Solar kiosk Los Cabos

First solar kiosk in Los Cabos lights up remote village

With a new solar kiosk, the remote community of La Candelaria finally gets reliable power...