If he’s really lucky, he will graduate from a public university and maybe start earning 5,000 pesos (0) per month.
On average, a corner drug pusher in Mexico earns 8,000 pesos (8) a month. Oh yeah, he doesn’t pay taxes either and works about half of the hours.
These guidelines cover the 48 contiguous United States and the District of Columbia. The federal government also uses these guidelines to identify low-income Americans. The census identified 97.3 million low-income Americans and 49.1 million Americans living at or below the poverty line.
Nearly 146.4 million Americans, or nearly half the population, are at or below low-income levels, according to the 2010 U. Of low-income earners, about two-thirds earned just enough to put them above the poverty line.
Politicians in Mexico love to relate purchasing power to the price of the tortilla.
At current rates, one minimum wage is the equivalent of 6 kilos of tortilla per day.