Mexican people want their President will make a good campaign promises, to raise wages may be a long wait, as the country aims to dodge bets would take several years of economic reform, translated into labor income, Brazil's fate.
President enrique pena, he came to office in December, promises to increase productivity and improve's second largest economy in Latin America, not much changed more than a decade of low wages and $21 a day on average, in the formal sector.
Boost wages will help consumption, which has been sluggish, because mexicans living abroad for money, delivery of the cone, government spending slows, U.S. exports to Mexico teetering demand growth.
Regional rival, Brazil, where higher wages and easy credit has given way to weak growth and high inflation, boom and bust of the situation as a cautionary tale.
So, pena he bets on a series of ambitious economic reform, will be transformed into productivity, finally raise wages - as long as it's not right now.
"It's going to be at least three to five years ago, you'll begin to notice the influence, claudio, said:" the losers, a former international monetary fund economist, he said, adding that Brazil's consumer feedback model will inevitably lead to overheating.
"To stimulate consumption shows a short-term boost, but it is not like a lamp, it's like a game," he said.
While many economists agree that improve productivity by reform is the key to sustainable wages rise, mexicans may not waiting for the remittance so far this year hit a three-year low.
"I wasn't even an extra pesos," Anna said martinez, an 18-year-old office cleaner in Mexico City, 12 hour working days, made 3000 pesos ($230) a month.
, "she said," I want to buy yourself one of these phones and the Internet, but just think, the money I make.
Cheaper than China
Low wages in Mexico, a drag on consumption, help Mexico exports to recapture market share in the United States open factory of German carmaker Volkswagen company, such as the temptation.
Manufacturing wages lower than $2.50 per hour, is close to 20%, much cheaper than in China, according to a recent us research.
Tax workers earn 271.58 pesos ($21.26) a day on average, just over a dollar inflation adjusted, the average wage is a decade ago, according to IMSS, Mexico, the social security agency.
"This is a very comfortable situation, for the government and businessmen, for the enterprise, it is very profitable, said," moody's analytics Alfredo Coutino, director of Latin America.
But it's heavy spending, in the past year has lost steam.
Bulk sales - retail sales forecast rhythm - fell 5.5%, from January to may this year, in nine months, consumer confidence in June in the lowest level.
"Enrique alvarez, an analyst at IDEAglobal in New York, this is a constraint model in Mexico, said:" because if you have an export model, it's all based on the cost. "Unfortunately, those costs remain at a low level, so you never really have a big expansion in the consumer. "
More worrying, because in the United States, Mexico's biggest trading partner, has been achieved industry and remittance inflows reduction, a total of 1.07 billion yuan, in the first half of this year, falling by almost 10%, dragged down by the slowdown in 2012.
Factory exports in June ease slightly, while HSBC PMI data showed manufacturing activity in July signed a contract for the first time, since the series began two years ago.
The government is now looking forward to the economic growth of 3.1% this year, fell 3.9% in 2012. Central bank survey of analysts are more pessimistic, to cut its 2013 growth forecast to 2.65%.
Economists said that Mexico's salary face adverse factors, from the weak Labour market and low productivity.
An estimated 1 million new job competition in Mexico, half as many jobs as possible, the pressure of the employers to raise wages for each year.
Mexican workers productivity from 1992 to 2012 increased by only 16%, while Brazil, Chile and Peru workers more productive as 30, respectively, 57% and 113%, according to the conference board total economy database.
Pena, he said he hoped to solve this problem.
"This is the final goal, our economic policies to promote: family can earn more, have a better income, more productive," he said, in May.
He signed an agreement with the opposition came into office to promote the reform, including the price, in order to improve the country's paltry tax take in ailing state-owned oil giants Mexico's state oil company and the production, improve the speed of economic growth to 6% growth.
Reforms, including approved overhaul school system and measures, buoy competition in the telecommunications industry and aims to improve education, make the enterprise more effectively and improve the productivity of workers.
But pena, Mr Labor reform, come into force in December, at present has yet to translate into employment commitments.
Since he took office, Mexico has created 62485 jobs, only a quarter over the same period a year ago.
Average inflation adjusted minimum wages over the past decade continue to fall to 58.10 pesos ($4.55) from 60.06 in 2013 pesos a day, according to Mexico's minimum wage commission.
Away from the steroids
Slowly, however, change is superior to overheat, economists said, pointing to Brazil.
, tight labor market, wage growth and easy credit linked smoking to fuel consumption boom, help in the past ten years the average growth of nearly 4% of the speed of growth, and allow for millions of brazilians to join the middle class.
This boom is out of the default rate hit a record high, in the past two years, and high inflation curb spending in Brazil. Negligible 0.9% year-on-year growth gap with last year.
"You cannot make economic growth on steroids," said alberto ramos, economist with Goldman Sachs (Goldman Sachs).
Brazil is mean monthly salary rose by nearly a third of the workers and in essence




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