Mexico’s Coming Collapse

The National Anxiety Center ^ | June 2005 | By Alan Caruba

[Jigsaw John]

Good post.

[oldfart]

Gotta disagree with you, at least in part.
First: 5% unemployment rate. Who says? What is their criteria? That particular statistic can be manipulated to give almost any answer and politicians and bureacrats are adept at doing just that.
Second: At 55 years old a prospective employee is also a prospective liability. He (or she) is at an age where illness and injury are more common than for those who are younger and stronger. Many companies will tell such a person that he is just "too qualified" for the position. That's to make him feel better about being unemployed. Believe me, it doesn't work. At least, it didn't work in my case.

[Pelham]

You are "no longer part of the workforce" if your unemployment benefit runs out and you haven't found a new job. You disappear from the Earth as far as the unemployment numbers are concerned.

[Pelham]

Well said!

[dsc]

So, the actual unemployment rate could be, what? 10%? 15%?

[motzman]

That's because everyone in Mexico will have finally moved to America

"Will the last person to leave Mexico please blow out the candle?"

[investigateworld]

Again, I can only recommend that you spend some time in Mexico. You will meet many fine Individuals, but overall, you'll come to understand why the rest of us (and all) others are leery of allowing unbridled imports from there.

[Straight Vermonter]

The Mexican border factories known as "maquiladoras" that were so important in the 1992 presidential election have tanked.

[Straight Vermonter]

Be nice. We're not all raving lefties.

[Nasty McPhilthy]

Sucks, huh?

[Nasty McPhilthy]

Sucks, huh?

[Red Badger]

40% of the Mexican population lives below the poverty line

That's because 60% of the Mexican population lives here.........

[antonia]

My daughter is helping to pay her way through college by waitressing at a nice place in Bethel Connecticut. She used to get her tips in cash, but with a new owner tips are handled differently now. All credit card payments are put through the books. Cash tips are rounded up and used to pay the illegals in cash, while the difference do to my daughter and her fellow servers are paid to them in their paychecks, which are fully taxed, unlike the cash which is not taxed at that point.