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

Quintana Roo earthquake

Recent Yucatán tremors raise new focus on the Ticul fault

Recent low-magnitude tremors in southern Yucatán may be linked to the Ticul fault, but experts...
BCS rent regulation

Cheap Rentals in Mexico Are Getting Harder to Find

Mexico’s rental market is split between costly online listings and cheaper informal options, making affordable...
Cancún’s Late April Culture Agenda Opens Citywide This Week

Cancún’s Late April Culture Agenda Opens Citywide This Week

Cancún’s late-April cultural agenda brings free music, theater, dance and literary events to venues across...

Foreign Residents Say Mexico Feels Safer Than Home

A new expat safety survey finds foreign residents in Mexico feel safer in their communities...