Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico 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

Communities reject developer proposal at Playa Las Cocinas in Nayarit

Communities reject developer proposal at Playa Las Cocinas in Nayarit

Communities in Punta de Mita reject a five-meter proposal and seek 20 meters of recovered...

CJNG Succession Narrows After the Fall of El Mencho and El Jardinero

Federal officials now see El 03 and El Sapo as priority CJNG targets after El...
Mexico Tourism Faces 2026 Security and Travel Cost Risks

Mexico Tourism Faces 2026 Security and Travel Cost Risks

Tourism analysts warn insecurity, weak promotion, visa barriers and higher visitor fees could limit Mexico’s...
Mexico’s AI assembly boom ties Taiwan to U.S. demand

Mexico’s AI assembly boom ties Taiwan to U.S. demand

UBS says Mexico is gaining from AI hardware demand as Taiwanese firms assemble components for...