There’s a mystery down here in Mexico. It’s asked about over and over again.
“Why are so many hardworking Mexicans underpaid? And why is the poverty rate so high, when the country is so full of resources and willing workers?”
The reality is that there are cultural and historical reasons for the levels of poverty here. The question is what can be done about them?
Let’s look briefly at the Mexican economy and how it flips and flops like a jelly bean.
First, Mexico’s central bank reported Mexicans’ remittances from abroad hit a record US$28.7 billion in 2017, despite the loathsome immigration management of the current U.S. administration. Remittances topped oil export income as a contribution to GDP. This, under President Trump’s nose, while he chases and kidnaps kids from their families.