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

puerto vallarta mayor

Petition seeks recall of Puerto Vallarta Mayor Munguía

A new Change.org petition urges a recall of Puerto Vallarta Mayor Luis Ernesto Munguía amid...
mexico birth certificates

Foreigners Obtain Mexican Birth Certificates in Fraud Scheme

Mexican officials uncovered a corruption ring that issued legitimate-looking Mexican birth certificates to foreigners, now...
El Estúpido arrested in CDMX

US Arrests Over 1,000 Sinaloa Cartel Suspects in 43-Day Sweep

US authorities arrested 1,041 Sinaloa cartel and 856 CJNG suspects across the country in 43...
purple snail

Oaxaca honors last purple snail dyers to save ancient art

A handful of Mixtec elders in Oaxaca keep alive a millennia-old craft of milking sea...