Quote:
Originally Posted by Tiny
This is true but deceptive. Adjusted for purchasing power and after taxes, average Mexican household income is $14,000 per year:
http://www.oecdbetterlifeindex.org/topics/income/
As to the trend, the Mexican peso went from about 10.5 to 19.3 from 2008 to present, while the consumer price index "only" went up by about 55%. If you adjust for inflation, the exchange rate, and the declining size of Mexican families, I bet you'd end up with income being pretty flat. Which still sucks. Part of the problem is corruption and drug cartels. Right now you've got a socialist federal government in power, which is bad for the peso and business confidence.
This is a good reason not to go too hard on Mexico. We want a more prosperous southern neighbor, and not just out of the humanitarian concerns described in your link. If Mexicans make more money they'll be more likely to stay in Mexico, and they'll buy more from us. I think it was LustyLad who brought up the importance of our exports. Having Mexico as a partner can be a great advantage, with lower value work being done there and the higher value added work done in the USA. That makes for a competitive advantage when producing for world markets, as well as for what we consume ourselves. Japan has the same thing going with Southeast Asia. |
the socialist system they have operated under for 70 years until Fox broke that .. briefly .. is why they are a shithole nation.
how are we supposed to fix Mexico's socialist government? overthrow it? annex them?
let's talk GDP shall we? Why is it that little South Korea has a higher GDP than Mexico?
Mexico is the 15th largest nation in the world. South Korea is 110th.
South Korea/Gross domestic product
1.531 trillion USD (2017)
Mexico/Gross domestic product
1.15 trillion USD (2017)
i'd say the system of government is the difference. Mexico has no one but themselves to blame for being a shithole. they are proof that "nationalized" control of resources cannot compete with private enterprise.
remember that when Bernie and his Ilk yell for nationalization of various business in this county next November 2020.
https://www.nationalreview.com/2018/...oos-hard-left/
https://www.businessinsider.com/bern...ustries-2019-3
