In Mexico, the number of workers whose salaries are not enough to acquire the basic basketknown as poverty laboris located in its lowest level in 17 years.
According to a study by BBVA, with figures taken from Coneval, labor poverty decreased by historical minimum until reaching a 35 percent by the end of June 2024.
For more than 17 years our country has not recorded such low rates of labor poverty, since the last time similar figures were seen was during the second quarter of 2007.
Working poverty has decreased for workers in urban and rural areas, BBVA study indicates
The working poverty decreased by 5.7 percentage points in the six-year term of Andres Manuel Lopez Obrador (AMLO) by going from 40.7 percent in the fourth quarter of 2018 to 35 percent in the second quarter of 2024.
For this second trimester of the year, working poverty in urban areas was 30.9%, a level three points lower than the 33.9% recorded in 2023.
In rural areas, however, the rate dropped to 47.6% from 50.2%, making working poverty in rural areas the lowest since records began in the first quarter of 2005.
This annual reduction in working poverty in the second quarter of 2024 occurred in the face of a increase in employment and an increase in per capita labor income (8.9 percent) from 3,076.13 pesos to 3 thousand 350.84 pesos between the second quarter of 2023 and the second quarter of 2024.
The reduction of working poverty would be an indicator that more Mexicans were able to acquire the basic basket in more than 17 years.
Family grocery shopping (Galo Cañas Rodriguez / Cuartoscuro)
What is working poverty?
Working poverty refers to the situation in which, despite having a job, a person or a family cannot acquire the basic basket with their income.
With their low salaries, people cannot cover their most basic needs or those of their homes, such as:
- Feeding
- Dwelling
- Health
- Education
- Transport
In other words, working poverty refers to workers whose income They are not allowed to escape poverty due to low wages or job instability.
This concept highlights that having a job will not always guarantee an adequate standard of living due to rising prices or the high cost of living in large cities and the countryside.
Workers (Rooster Cañas Rodriguez)
2024-09-10 05:15:09