If ur wondering why Mexico is rioting atm and if ur saying “omg theyre rioting over gas thats so stupid” and blah blah blah.. Just know that the minimum wage in Mexico is $80 Pesos($3 USD) a day.
they earn $3 dollars a day
The gas in Mexico right now is $15.75 Pesos per liter (btw this is the cheapest gas price in Mexico I could find.. $15 pesos is about $0.80 USD)
In order to fill up a 4 cylinder car, they spend around $550 Pesos($30 USD)
So lets say someone works at minimum wage for 6 days. They end up earning $480 Pesos a week ($24 USD). Yeah.. no theyre not gonna be able to fill up their tank.
They still need to pay bills, buy groceries, clothes, etc.
The president of Mexico is shitty and ever since he got elected the country has gone to shit and they still have to suffer 2 more years until he is out of office
ALL OF THIS IS A REASON WHY MEXICANS IMMIGRATE TO THE US!!!!!!!! WE COME HERE TO THE US TO WORK AND EARN MORE MONEY TO SUPPORT OUR FAMILIE!!!! THEY DONT PAY ENOUGH IN MEXICO TO FUCKING SURVIVE!!!!!!!!!
Update: yes I accidentally wrote $3 instead of $4. I apologize sincerely for that misinformation.
At least half of older millennials aren’t getting a taste of the American Dream
Right now roughly half of 30-year-olds make more money than their parents did when they were the same age, according to a December paper on social mobility. A separate study from the Guardian published in March found that Americans under 30 are already poorer than retirees — despite the fact that they’re working.
There are two main reasons that Americans born in the 1980s face higher hurdles than their parents, the researchers found.
The first is that throughout much of the 20th century, the U.S. economy grew a lot faster than it has in more recent years, as millennials have come of age.
The second reason has to do with inequality in the way gains have been distributed among Americans. Growth alone to restore economic mobility, gross domestic product would have to increase by more than 6% each year, more than double the rate it grew in the past year.
Millennials inherited a vastly wider wage gap between the rich and poor
A separate study released on Tuesday also found that income inequality has grown far faster than previously thought: In fact, half of the country has seen stagnant wages since 1980, while the wealthiest Americans have seen incomes skyrocket.In the last 3 ½ decades, the gap between what the richest 1% makes and what the bottom 50% earns has grown nearly threefold.
Globally, young people are increasingly subsidizing the elderly
Call it a thank you, despite the economic lot they’ve inherited: Across the globe, millennials are increasingly likelier than previous generations to pass financial resources to older groups — beyond what they receive. Read more
The city of Flint, Michigan, best known across the nation for a water-pollution crisis which left an unknown number of residents exposed to dangerous levels of lead that has not yet been resolved, is running into major problems with another public utility. Trash pickup in the city is suspended until further notice, and the infrastructural ramifications could be devastating.
Trump continued to needle at China Sunday by openly questioning the so-called “one China policy” on Fox News.
China then issued a stern rebuke to Trump’s comments early Monday through its foreign minister.
“I don’t know why we have to be bound by a one China policy unless we make a deal with China having to do with other things, including trade,” Trump said Sunday, adding, “I don’t want China dictating to me.”
That provocative language prompted a Monday editorial in China’s state-run newspaper describing Trump’s diplomacy as “ignorant as a child.”
On Dec. 8, China flew a long-range nuclear bomber outside of the nation for the first time since the Taiwan phone call — reportedly a symbolic show of strength.
The threat of trade war with China is a real risk to Americans, experts warn.
Policy analysts also warn that military conflict could be on the table if aggression between China and the U.S. escalates further. Read more
370 economists, including eight Nobel laureates, have signed a letter condemning Donald Trump’s economic plans. Rather than focusing on ideological differences, the letter calls out Trump for his repeated attempts to mislead the public.