Mexico Jobs Among Lowest Wages in Latin America Pauola Aguilar - Riviera Maya News
go to original October 28, 2017

A new government study details the country’s employment struggles for Mexico’s millennial group, which makes up more than half of the population and who work for some of the lowest wages in Latin America.

Reports show that of all new jobs created in the country, Mexico is one with the lowest wages among the Organización de Cooperación and Desarrollo Económicos (OECD) Latin American countries. The so-called millennials, young people between the ages of 20 and 35, now make up just over half of the Mexican population of working class, and are caught in the middle of a gray area where the educated cannot find work with livable salaries.

Told they would secure their future with a good job if they studied, graduated students are arriving in the labor market only to come up against a scarce supply of jobs for professionals. Jobs that are available, are all too often underpaid and unstable.

A survey from El Instituto Nacional de Estadística and Geografía (INEGI) shows that of the total unemployed population in Mexico, which totals more than 1.8 million, 51 percent of them, about 948 thousand, are young millennials.

Moreover, of the millennials that are employed, almost half of them are employed in the informal sector. That is, they do not have legal benefits such as social security, holiday pay, bonuses or other benefits.

According to INEGI, of the total millennials working, 11.1 percent do not exceed 2,400 pesos per month, while 29.4 percent are paid between 2,401 and 4,802 pesos. Their survey shows that 23.8 percent of millennials are earning between 4,803 pesos and 7,203 peso per month.

A further 13 percent of these young people earn up to 12,000 pesos, while only 4.4 percent of working young people are fortunate enough to earn salaries more than 12,000 peso per month. The remaining 18.3 percent said they did not receive income or did not specify if they had any.

Read the rest at Riviera Maya News

Related: Mexico Employers' Federation Pushes for Higher Minimum Wage (WRAL.com)

Related: Increasing the Minimum Wage by 15 Pesos Will Not Resolve the Hardships in Mexico (The Fulano Forum)

Related: Mexico's $2.50 an Hour Wages Lure Jobs South Amid Nafta Talks (Bloomberg Quint)

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