Mexico Issues & Opinions

Puerto Vallarta • Riviera Nayarit 

  News &
Politics
Issues &
Opinions
Business &
Finance
Health &
Evironment
Lifestyle &
Entertainment
Travel &
Outdoors
Science &
Technology

Cost of Basic Food Basket in Mexico Three Times Greater Than Minimum Wage

Emir Olivares Alonso - La Jornada
go to original
June 20, 2015
Share



To purchase the recommended basic food basket (CAR) - which includes 40 products for the daily intake of two adults and two children - but without considering the costs of living, education, healthcare, clothing, footwear, and transportation, among other living expenses, Mexican workers would require a daily income of 210 pesos [US$13.68], the amount of nearly three minimum wages.

Experts from the Multidisciplinary Analysis Center (CAM) in UNAM's Economics Department warned of the above issue in their latest report, which is the result of their investigate work in which they recognize the loss of purchasing power of the wages of Mexicans (78%) from 1983-2015, a period that has seen implementation of the neoliberal model.

In an analysis of Enrique Pena Nieto's 17 months of management as head of Federal Executive power, the members of CAM indicate that between 2013 and 2015, the minimum wage went up just 5.34 pesos [US$0.35], from 64.76 to 70.10 pesos a day [US$4.22 to US4.57], but the cost of the basic food basket went from 171.86 to 201.01 pesos [US$11.20 to US$13.10], an increase of 29.15 pesos [US$1.90].

The university researchers concluded that the loss of purchasing power so far in the PRI administration is 7.45%: "Far from generating a change in the direction of wage and labor policies, (the current government) has deepened them [existing market-oriented policies], to the detriment of the interests of workers and their families."

The group, coordinated by David Lozano Tovar, indicates that between December 16, 1987, and April 15, 2015, the price of the basic food basket increased almost 5,000%, while the minimum wage rose only 1,000%.

Read the rest at Mexico Voices

Mexico Voices is a blogging endeavor aimed at raising the awareness of U.S. citizens regarding the destructive impact of the U.S. economic policy and the War on Drugs on Mexico — on its people, their economic and physical security and their human rights, on the nation’s dysfunctional justice system, and on the rule of law and Mexico’s fragile democracy. Visit the website at MexicoVoices.blogspot.mx

  Check out Food Bank of Puerto Vallarta

  Check out Breakfast for Children - School of Champions

  Check out Amigos del Magisterio


We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!

CHARITY ALERT Vallarta Botanical Garden Needs Your Help

TripAdvisor singled out the Botanical Garden for removal and placed us on our own page in Cabo Corrientes.

Please write and ask TripAdvisor why all other Cabo Corrientes attractions are still on the Puerto Vallarta page while only the Garden was removed.

Click here to see all the details

Meet the Charities

Community Services

Environmental

Animals & Wildlife

Health Care

Youth & Family

Education

Culture & Recreation

Special Interests

How You Can Help

Use Your Powers for Good

Add Your Favorite Charity

Save a Life - Give Blood

 

Partners for Change

Meet the Partners

Become a Partner for Change

Stay Connected

Find PVAngels on Facebook Follow PVAngels on Twitter Sign up PVAngels Newsletter RSS Feeds on PVAngels


Resources

About PVAngels

Add Your Charity

Add Your News & Events

Locate Yourself on Our Maps

Jobs - Join PVAngels Team

About Puerto Vallarta

Puerto Vallarta Local News

Local Event Calendar

Puerto Vallarta Videos

Puerto Vallarta Photos

Historic Puerto Vallarta

Local Area Maps

Important Phone Numbers

Craig's List in Puerto Vallarta

News Around Mexico

Mexico Issues & Opinions

Mexico Business News

Mexico Evironmental News

Lifestyle & Entertainment

Mexico Travel & Outdoors

Science & Technology News

Mexico News & Travel Videos


FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance a more in-depth understanding of critical issues facing the world. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 USC Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information click here. If you wish to use copyrighted material from this site for purposes that go beyond 'fair use', you must obtain permission from the copyright owner.

m3 • local actions from global awareness