Mar 20 β€’ 09:02 UTC πŸ‡²πŸ‡½ Mexico El Financiero (ES)

Mirage

The article discusses the challenges of accurately comparing formal and informal labor markets in Mexico and the United States, highlighting discrepancies in statistical data provided by INEGI and other sources.

The article addresses the ongoing difficulties in comparing the three different labor markets in Mexico: the formal sector, the informal sector, and that of the United States. It reveals that, due to statistical issues, INEGI (the National Institute of Statistics and Geography) developed a special account to measure the informal economy, estimating its contribution to the GDP as well as the number of individuals employed within this sector, along with their compensations.

However, this data does not align with information published by the Occupation and Employment Survey, nor is it compatible with complete National Accounts. As a result, the commentary underscores that there remains a lack of clarity regarding where Mexicans are employed and how much they earn, which poses significant challenges for both policymakers and researchers.

Additionally, the article brings attention to a correction provided by JesΓΊs Cervantes regarding the wage mass of Mexican workers in the United States. This figure exceeds one trillion dollars for the 19 million Mexicans working in the U.S., which indicates a substantial average income level for these workers and sheds light on the economic dynamics both in Mexico and abroad.

πŸ“‘ Similar Coverage

πŸ‡²πŸ‡½ Mexico Mar 18 β€’ 09:04 UTC

Ignorance

El Financiero (ES)
πŸ‡²πŸ‡½ Mexico Feb 4 β€’ 12:46 UTC

Field work

El Financiero (ES)