Monday, December 24, 2007

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With the current government, the worst decline in the purchasing power of workers

Patricia Muñoz Rios

the basket this year increased seven times faster than wages, according to an analysis prepared by the Coalition of National Institute of Statistics, Geography and Informatics, and indicates that the first results of the government of Felipe Calderón presented the biggest drop in purchasing power in recent decades.

In research on the behavior of wages, the organization explains that according to the Federal Consumer Protection Agency (Profeco), in the first year of the reign of Felipe Calderón's basic basket of 42 products price rose 35 percent, while wages rose on average by 5 percent.

is, was 700 percent higher than the increase in core prices, compared with workers who had wages in the country.

indicates that the average minimum wage this year is 48.88 pesos per day, but at the beginning of the period of the PAN governments stood at 35.12, ie, throughout this period the minisalario only increased by 9.76 pesos, weighing an average of 40 cents per year.

The trouble is that this trend is expected to continue throughout the Calderon government, ie there will be increases to the minimum of just one dollar and cents, says the analysis prepared by the leader of this coalition, Farina Francisco Tamez.

analyst argues that the minimum wage increase for 2008 and was "pulverized" before it is applied, due to rising prices that has occurred in the last month of the year. "The slope of January, started from the end of November this year," and some of the basic food products reported increases of up to 300 percent. Read full story

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