How much money can you make in mexico

To protect his job, CNNMoney tou to withhold his. Carlos’ aspirations and drive could mirror those of any year old American with yiu skills. But his job is in Mexicowhere GE has 17 manufacturing plants and 10, mony. Related: America has lost 5 million manufacturing jobs since That wage gap can easily explain why so many manufacturing jobs have left the United States. Sincethe U. It’s become a hot button topic on the campaign trail where Donald Trump promises angry Americans that he’ll «bring the jobs back from Mexico. Related: Is trade really killing middle class jobs? Experts agree with Carlos: Manufacturing has crossed the Rubicon — or Rio Grande — and mucg hard to see those jobs returning to the U. NAFTA nullified those rules and America’s trade deficit with Mexico has ballooned — meaning we’re bringing in a lot more goods from Mexico than we’re sending. That’s good for American consumers but bad for manufacturing workers. Related: I sent my resume to Donald Trump. Cheaper labor, lower environmental standards and low export taxes — or tariffs — make Mexico an attractive place to move operations, not to mention that it’s next door to America. Almost every large U. GE says it has had some operations in Mexico going back to

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The debate on increasing minimum wage has been gaining momentum around the world in the recent years. Mexico is no exception. In , the national minimum wage was increased 4. Now public debate in Mexico is reaching a critical volume, with social organisations, academics, business leaders and political circles arguing that the dismally low minimum wage condemns workers to poverty. Mexico was among the first countries in the world to establish a national minimum wage , thanks to the Mexican Revolution and previous hyperinflation. Our Constitution article , dictates:. From then until , when the ruling PRI party lost the presidential palace for the first time in 70 years, the minimum wage was used as an economic policy instrument. During the s and s, on the other hand, the minimum wage served as a tool to control high inflation. That is, by setting a low minimum wage, which has the spin-off effect of keeping other wages low as well, the government could reduce costs and thus limit inflation. However, this policy reduced the purchasing power of all wages, including the lowest earning brackets, because inflation grew faster than nominal wages. Since the late s, with the Mexican economy essentially stabilised , the minimum wage has mostly been keeping pace with low inflation. As such, it has served to signal labour market trends: increases in the minimum wage would lead the way for other wages to increase. Nor have we seen transfers of productivity gains like those of the s and s. In reality, relatively few Mexicans actually earn the minimum wage. Employer social security contributions are calculated quite progressively, so companies tend to under-declare wages and pay employees the difference in cash. It is hard to estimate this real, if unofficial, minimum wage. Likewise, some in the business sector say that, as in other countries, a higher minimum wage would will also raise wages across the board, thus propelling inflationary pressures. We also have a deficient labour market with high transaction costs and vast labour supply. Although official unemployment is at a very low 4.

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New studies are providing fresh insight into tech salaries in North America, with software developers and engineers in the United States becoming more expensive, resulting in higher value for Mexican talent. Despite an ongoing battle for talent in Mexico , as some tech companies offer double wages to attract experienced workers, average Mexican salaries have not risen as high as expected. Meanwhile, US workers continue to command higher tech salaries, giving companies more reason to consider hiring in Mexico. This has remained largely similar for three years, going against a trend of larger salary increases in the United States. According to data collected by Software Guru Magazine in , the median average gross salary for a software professional in Mexico is 32, pesos per month. Other emerging cities for technology workers include Morelia, Queretaro, Puebla, Cancun, and Aguascalientes. Currently, for every one tech worker in Silicon Valley you could hire 4. Even so, as the thirst for tech talent increases, these prices are unlikely to stay so low for much longer, as more companies offer higher tech salaries to more experienced developers and engineers in Mexico, snatching them from rival companies in an effort to negate the global talent shortage. Save my name, email, and website in this browser for the next time I comment. Matt, A Mexican journalist should take your job and do it better and cheaper. Your reasoning begs the question why should you even be working in Mexico if a Mexican journalist can do your job just as well if not better? There are plenty of Mexican journalists that are proficient English speakers and with technology they can write in perfect native English. Agendas like yours is what got Trump elected in the first place. You are basically advocating for all Americans to loose their jobs to low cost countries. I love that the USA is selling what were once trade secrets and people were jailed for selling them. What really galls me is pimping Mexicans. If they are going to do the work and do the same job then quit being racists pigs and pay them the same money regardless of where they live. Only a pimp would do it differently.

Official vs ‘market’ minimum wage

Mexico has a reputation for being super-cheap, but just how affordable is it these days? Let’s break down how much money you can expect to spend in Mexico, and, most importantly, how to save as much money as possible while you’re in the country. How much money you should budget for Mexico travel often depends on where you’re going. A non-urban location will be cheaper for many things. For instance, locally made handicrafts will be far less expensive than in the city if you buy close to the source—which is usually rural.

Resort areas can be just as expensive as any US city, though lesser-known beach areas like Tulum are cheaper than famous spots like Hhow. If you’re a budget traveler, you’re going to be pleasantly surprised by how low your expenses are. Let’s say you travel overland using public transport, stay primarily in hostels, eat Mexican street food for three meals a day, and take a how much money can you make in mexico every couple of weeks or so.

If you’re more of a mid-range traveler, you’ll be cqn to ma,e in decent hotels, splurge on some nice restaurant hpw, occasionally take a domestic flight, and take several guided tours. If you’re a luxury traveler, the sky’s the limit!

And if you’re a digital nomad that’s looking to live in Mexico for how much money can you make in mexico month or more, your monthly costs will be even lower. Don’t use this formula to budget—but it’s an easy way to guess rough muxh when you’re shopping. How to do Mexico on a cheap travel budget? Assume that anything you like in the US, like Coke or McDonald’s, is going to cost the same in Mexico—don’t count on mxke and drinking the way you do in the US and saving any real money.

If you eat local produce and are adventurous with street foodyou can get by cheaply. Although, if you’re a fan of Coke, be sure nexico try some while you’re in Mexico—it’s made with ohw sugar rather than refined sugar, and it makes a huge difference to the flavor. Large grocery stores exist in the cities, even small cities muuch Zihuatanejoand some stuff, like bread, is a whole lot less expensive than in similar US stores.

Locally grown fruit anywhere in Mexico is cheap, but often especially cheap in mercados open-stall community markets. Street food is ypu cheap; stock your backpack with mercado-bought fruit and veggies for breakfast while having a terrific culinary adventure monry main meals.

In-country transportation is cheap, provided you use local buses. Stand by the side of the road or city street, looking into traffic, and raise an arm when you see a bus approaching—it will probably pull. You can usually get off by hailing the bus driver at any point along the bus’s journey. The buses often run on a schedule; ask a local for advice on where they’re going and. The farther away from population centers you get, the farther apart buses will be like hours or daysso ask someone, like a bartender or shop clerk, when the buses run nexico the mexiico to which you’re headed.

Beer is perhaps two-thirds of the price in the US if bought in a grocery store. If you’re trying to travel as cheaply as possible in Mexico, you can save money on your accommodation fairly easily. You can camp on some of the monry for free, but you should never assume without first asking a local if it’s possible. Kathleen Crislip. Kathleen Crislip is a freelance writer who has covered backpack travel adventures for students and other young travelers.

Tripsavvy’s Editorial Guidelines. Share Pin Email. Fifty cents for an ear of roasted corn from a street vendor is top dollar; you can get a tamale for 35 cents. You can buy a big plate of hot carbs for a buck in the mercados—you have to get off any city’s beaten path, even by one block. Negotiate the rate before you get in. Was this page helpful? Thanks for letting us know!

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Mexico has a reputation for being super-cheap, but just how affordable is it these days? Let’s break down how much money you can expect to how much money can you make in mexico in Mexico, and, most importantly, how to save as much money as possible while you’re in the country. How much money mexkco should budget for Mexico travel often depends on where you’re going. A non-urban location will be cheaper for many things. For instance, locally made handicrafts will be far less expensive than in the city if you buy close uow the source—which is usually rural. Resort areas can be just as expensive as any US city, though lesser-known beach areas like Tulum are cheaper than famous spots like Acapulco. If you’re a budget traveler, you’re going to be pleasantly surprised by how low your expenses are. Let’s say you travel overland using public transport, stay primarily in hostels, eat Mexican street food for three meals a day, and take a tour every couple of weeks or so.