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In reply to the discussion: Passage Of TPP Will Be A Disaster For Dems Just Like NAFTA was. I'm Really Pissed. [View all]nadinbrzezinski
(154,021 posts)a wage increase in over a decade?
The current federal minimum wage is $7.25 per hour, which translates to $15,080 for a full-time, year-round worker in the U.S.
Tell me you come up with these ones on your own? For the record, the Mexican Minimum wage is actually indexed for inflation. Just that CONASAMI sets it low, for starters. It is also set by regions. But just like in the US, productivity is up, GNP is up, though the Banco de Mexico does not agree with you that all is that great, and by the way, the Mexican economy has slowed down to near crisis levels. Won't bother with the Banco de Mexico since it is all charts, and most people prefer a well written story, but here you go from Forbes
http://www.forbes.com.mx/economia-de-mexico-el-vaso-medio-lleno/
Sorry it is in Spanish. I won't translate either. Suffice it to say, that is just one source of the current crisis. The Banco de Mexico is near declaring the country to be in a recession. Suffice it to say that things are not that good... might have to do with a huge political crisis, of both trust and revealing the weakness of the federal government, (Ayotzinapa) but that is way too much inside baseball I s'pose. Oh and this neo-liberal shit has made it to the streets and street talk.
People, real working people, outside partisan sites like this one or the equivalent in Mexico, have a deep disdain for the neo-liberal agenda and NAFTA, don't get me started on TTP. The most extreme even speak of the reforms, the 13 reforms that Pena Nieto has imposed, are meant to sell the country and the country's resources to foreigners, but you know, that is cool I guess. All is talk until people pick up arms, and in some places in Mexico that is starting to happen and I am not talking Cartels.