Blog about sports and politics and whatever else seems interesting from a guy (formerly) in Mexico.
Sunday, October 19, 2008
Help Wanted
For the first time in four years, the number of unemployed workers in Mexico hit two million, and will presumably keep rising. That brings the unemployment rate up to a still low 4.25 percent, though in Mexico the big problem has long been underemployment, not unemployment.
Mexico, as is the case in most of Latin America, gives perfect examples of the Law of Unintended Results. Labor laws are so restrictive that employers will not employ to a needed level, prefer to invest out of the country or not expand at all in Mexico. Mexican education does not produce graduates that can compete in the industrialized world, and teachers are on strike from fear of being required to elevate standards and to place employment as a teacher on a merit basis instead of by bribery or 'inheritance'.
1 comment:
Mexico, as is the case in most of Latin America, gives perfect examples of the Law of Unintended Results. Labor laws are so restrictive that employers will not employ to a needed level, prefer to invest out of the country or not expand at all in Mexico. Mexican education does not produce graduates that can compete in the industrialized world, and teachers are on strike from fear of being required to elevate standards and to place employment as a teacher on a merit basis instead of by bribery or 'inheritance'.
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