Mexican Economy Problem

In conclusion, the Mexican Economy has had to deal with the problems that any developing economy deals with. They have had to expand and help grow their economy but at the same time they have had to try and protect many different markets. We saw them sign various Free Trade Agreements that dramatically increased the state of the economy on paper. As a country it benefitted from such agreements because the standard of living increased. The reality is that poverty increased and close to half of the population now relies on government help. The problem with this is that not only does this hurt Mexico, but it also hurts The United States. Mexican families have always heard of the endless opportunities in The United States and then you add the fact that they cannot make a living in Mexico and you have a recipe for mass migration. The Mexican government really needs to work harder in coming up with and implementing policies that would increase the number of jobs. Not only do they need more jobs, but they also need to put in place a more realistic minimum wage. As it stands now, the minimum wage is a joke. In December of 2014 the Mexican government decided to raise the daily minimum wage rate by 4.2 percent. It now stands at 70 pesos a day, …show more content…
The biggest thing standing in their way is corruption. There is no reason for there to be such a wide gap when it comes to income distribution. There is almost no middle class as a result of this. We see the famous 1% such as Carlos Slim, second richest man in the world; continue to make money off the backs of millions that struggle to have enough to live on. This leaves the people wondering if the government is really there for the people or are they receiving bonuses to keep the situation as is. The distrust of the government will keep rising until they do something that is meant to better the lives of the common