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š²š½ Wages
Mexico's employment boom isn't boosting wages.
Latinometrics
January 14, 2025 ā¢ Reading Time: 2 minutes
Welcome to Latinometrics. We bring you Latin American insights and trends through concise, thought-provoking data visualizations.
Every once in a while, thanks to the power and beauty of social media, our charts are seen by some pretty interesting or powerful people, like Nayib Bukele or Elon Musk.
One such occasion was when outgoing First Lady of Mexico, Beatriz GutiĆ©rrez MĆ¼ller, retweeted our chart on record-low unemployment in Mexico, which also attracted sarcastic replies from leading regional analysts.
Now, more people having jobs is great. We love jobs for people, especially when theyāre decent, safe jobs which help them take care of their families. But if we may break SeƱora GutiĆ©rrezās heart for just one moment, we should mention that Mexicoās high employment levels have not translated to higher wages.
In real terms, Mexicoās wages have actually stagnated the last 30 years.
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