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

Chapala and Ajijic Events Bring a Busy Lake Weekend

Chapala and Ajijic Events Bring a Busy Lake Weekend

Chapala and Ajijic head into a busy lakeside stretch with VinArt, Summer Sound Festival, boat...
Semarnat Clears Riviera Maya Project Near Punta Venado

Semarnat Clears Riviera Maya Project Near Punta Venado

Semarnat authorized a Riviera Maya tourism complex near Punta Venado, raising new questions about coastal...
Los Cabos Blockades Raise Pressure for Faster Talks

Los Cabos Blockades Raise Pressure for Faster Talks

A BCS lawmaker urged faster mediation after Los Cabos road blockades disrupted workers, families, emergency...
El Jorullo Becomes Puerto Vallarta’s Eighth Delegation

El Jorullo Becomes Puerto Vallarta’s Eighth Delegation

Puerto Vallarta approved El Jorullo as its eighth municipal delegation, expanding local representation in a...