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

Malecón sales slump

Puerto Vallarta Shops Face 30% Sales Drop As Tourism Struggles

Canaco-Servytur says Puerto Vallarta businesses saw sales fall about 30% after February 22 security incidents...
Profepa Closes Work Sites to Protect Vallarta Turtle

Profepa Closes Work Sites to Protect Vallarta Turtle

Profepa ordered temporary closures on two Puerto Vallarta properties after finding work affecting a nesting...
puerto vallarta airport

Puerto Vallarta Airport Recovery Claim Meets Weak Data

Puerto Vallarta airport traffic fell sharply in April, even as officials point to new routes...
Why Mexico Rejected a Major Cruise Tourism Project in Quintana Roo

Why Mexico Rejected a Major Cruise Tourism Project in Quintana Roo

Mexico rejected Royal Caribbean’s Mahahual project after environmental review and public opposition raised questions about...