• PRECARIOUS: The share of Mexicans working in precarious conditions reached a new record of 18.6% in 2019 -a number not even seen during the Great Recession, ten years ago- which is directly linked to current economic stagnation, according to experts.
• RATE: Mexico’s statistics agency (INEGI), reported new data that shows 10.4 million Mexicans worked in “critical conditions”. This means being employed less than 35 hr/week and earning less than one minimum wage or being employed more than 48 hr/week earning less than two minimum wages.
• GROWTH: “(Many) Mexicans have to find one or more occupations to complement their income … I believe that as long as zero or negative growth is maintained, working conditions will remain arid”, said José Luis de la Cruz, general director of Mexico City-based economic think tank IDIC.
• INFORMAL: Mexico’s informal employment rate was 56.4% in November of 2019 totaling 31.1 million workers. The Organization for Economic Cooperation and Development (OECD) has recommended measures to lower costs of doing business and increase social protection.
