AMLO moves forward, Orban moves backward
Orban has made a MAJOR mistake. He changed the labor laws so employers can require 400 hours of unpaid overtime each year. Technically "paid", but employers can delay paying it for several years. That's unpaid. Fantastically stupid move for a leader who needs to have the working class on his side. He has openly aligned himself with the robber barons, and the people recognize it. Orban just gave himself a Yellow Vest movement for Christmas. More to the point, he gave SOROS, enemy of the universe, a WIDE-OPEN WELCOME to retake Hungary. FUCKING IDIOT.

Contrast: AMLO has made a significant increase in Mexico's minimum wage, especially in the northern part of the country where US wages are competing. He increased the wage from $7.50 per hour to $8.80.

Texas minimum wage is $7.25, so the purpose is clear.

Now Mexican workers have less reason to leave, more reason to stay.

The real difference is not the raw wage, but the effective income, which is NOT measured by the official exchange rate. What can you DO with this amount of money? Most countries already have the advantage over USA, which is why we have problems with offshoring and immigration. Our cost of living is going up exponentially while our wages are exactly flat. Only the robber barons are staying WAAAAAAAAAAAAAAAAAAY ahead of the curve.

A specific comparison between El Paso and Ciudad Juarez shows the ratio. According to the figures on this website, the same basic lifestyle costs $2600 a month in El Paso, $1600 in Ciudad Juarez.

So the Mexican minimum wage was ALREADY about 1.6 times the American when the raw dollar values were equal at $7.50. Unsurprisingly, net migration has actually been BACK INTO Mexico in the last couple years. Now the Mexican wage will be 1.9 times the American. This will bring even more Mexicans back home.

Labels: skill-estate, things worth doing

  ¶ 12:33 AM