Prior to the Revolution of 1910, Americans were flooding Mexico looking and finding good-paying jobs. The peso was valued at about $1.87 USD, and gold then selling for about $28.00/ounce. Mexico still has all the resources that made her a greater economic power than the US. Mexican factories are paying the equivelent of 10-25 dollars/hour (the peso in Mexico has greater bying power than the dollar in the US, so please do not compare apples to oranges). As a former resident (non-citizen) of Mexico-and ex still lives there and is a native citizen, I have seen this to be true. In addition, ex-President Fox stated that Mexico is 100,000 men short of workers in the factories in the northern tyre of Mexican states, jobs which are paying unskilled workers up to $25.00 (pesos) an hour. Yet, in many areas, people are starving and the government is blaming la vida loca and greedy Americans.
2007-05-23
00:00:02
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2 answers
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asked by
redskin
2
in
Economics