The Center for Economic Studies of Tijuana (CEET) and the Center for Multidisciplinary Analysis (CAM) from the National Autonomous University of Mexico (UNAM) have published their latest analysis of the economic situation in the Baja region, revealing that the state's minimum wage has reached its lowest level in the last 16 years, relative to the cost of living and measured in dollars.
Both reports highlight the fact that even though the state is still in the federal Zone A wage category, the minimum wage is currently at $71.04 pesos per day, a salary that can only buy basic consumer products at the expense of not buying other products or even putting aside part of the salary.
Via Monitor Económico
The prices of the Essential Working-Class "Basket" or (basic living necessities) as well as the Comprehensive Constitutional Basket have gone over the minimum wages of an average person. This means that since 1987, when only 8 hours were needed to cover the costs of the basic produce, in 2015, more than 50 hours are needed to acquire the same stuff.
What CEET did was compare the minimum wage to the current peso-dollar exchange rate, resulting in $3.99 per day and $0.50 cents per hour. A wage that is considerably lower than the minimum in the U.S., which is currently at $9 dollars per hour.
The government increased public expenditures due to poverty conditions of the locals that arent immigrants, theyve been living in the state for a while now.
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miranda.garcia@sandiegored.com
Translated by: edgar.martinez@sandiegored.com
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