Did anyone ever think they would see the day when Mexico's growth was 4 times the US, their unemployment was a few points less than ours and their middle class has grown so much they have become a middle class country (not to mention they don't have the debt burden that we have that could collapse our economy). With all these positive economic trends in Mexico we a negative immigration from Mexico (meaning more Mexicans are moving back to the US than are coming to the US)!
Mexico GDP Growth Rate
It's truly a sad day when Americans look South of the border with envy at their economy and not the other way around. In many ways it's a good thing that Mexico is doing well and growing economically (since they are one of our largest trading partners and we share a border with them), but in many ways it shows how far we have fallen (and that is a tough pill to swollow)!
Note: I cited at the bottom to the Wilson Institute study on Mexico's growing middle class.
http://www.wilsoncenter.org/sites/default/files/Mexico A Middle Class Society.pdf
Mexico GDP Growth Rate
It's truly a sad day when Americans look South of the border with envy at their economy and not the other way around. In many ways it's a good thing that Mexico is doing well and growing economically (since they are one of our largest trading partners and we share a border with them), but in many ways it shows how far we have fallen (and that is a tough pill to swollow)!
Note: I cited at the bottom to the Wilson Institute study on Mexico's growing middle class.
Now if only Mexico would react accordingly to its newStudy: Mexico Is Becoming More Middle Class | Mexico | Limits to Growth
Study: Mexico Is Becoming More Middle Class
Ive been saying for years that Mexico is a wealthy country, with its consistent #14 score in national GDP rankings and assortment of billionaires like numero uno Carlos Slim.
Now a new study is out from the Wilson Center (Mexico: A Middle Class Society, Poor No More, Developed Not Yet), arguing that Mexico is becoming a middle class society. For example, the average number of years in school has increased since 1976, from 4.8 years to 8.3 years in 2006. Housing is becoming more spacious. Women account for 45 percent of the labor force. Additional young people are attending college, and family size has shrunk to a more economically manageable 2.3 kids.
The Washington Post even quoted a Mexican economist remarking Mexico is now a middle-class country, which means we dont have any excuse anymore.
http://www.wilsoncenter.org/sites/default/files/Mexico A Middle Class Society.pdf