Mar 18 β€’ 09:04 UTC πŸ‡²πŸ‡½ Mexico El Financiero (ES)

Ignorance

This article discusses the economic statistics of Mexican workers in the United States, highlighting challenges in comparing income with those registered in Mexico's social security system.

The article features insights from JesΓΊs Cervantes, the director of economic statistics at the Latin American Monetary Studies Center (CEMLA), who highlights some striking labor statistics regarding Mexican workers and immigrants in the United States. He points out that approximately 19 million Mexicans and immigrants are currently employed in the U.S., a figure that aligns with the number of workers registered in Mexico's social security system (IMSS). This similarity raises interesting questions about the economic mobility and status of Mexican nationals abroad.

Cervantes, along with his colleague Juan Antonio Ortega, co-authored a report detailing the wage situation of these workers, suggesting a total wage mass of about 376 billion dollars for Mexican individuals in the U.S. However, the article also delves into the difficulty of obtaining reliable data and comparing income levels between formal and informal sectors in both countries. The discrepancy in available information presents a considerable challenge for economic assessments, particularly regarding informal employment, which is pervasive in many Latin American economies.

Ultimately, the report underscores the complexities involved in understanding labor dynamics for Mexicans overseas, as many work in informal settings where income is unreported, making comprehensive comparisons difficult. The discussion opens up further inquiries into how remittances and employment conditions affect economic policy and migrant support systems. It serves as a reminder of the importance of accurate data collection and the need for in-depth analysis on labor issues facing this sizable demographic.

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El Financiero (ES)