Wednesday, April 20, 2005

Mexican wages is U.S. rising faster than those of professors

According to an article in La Jornada , salaries for Mexicans working in the U.S. rose by 12.4% last year. That's a lot more than the 1% GATech faculty received in January, which was the first raise since 2002 when our new Governor froze all state employee wages.

The total salaries earned by Mexicans in the U.S. are equivalent to 17.5% of Mexico's GDP. And a larger percentage of those earnings are returning to Mexico as remittances. Expectations are that remittances will bypass tourism as the second leading contributor to Mexico's gross income, second only to petroleum.

posted by Michelle @ 10:34 AM,

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