Aug 25, 2010

Economics: Mexico's informal economy swells through recovery

Mexico's informal economy swells through recovery: The ranks of sidewalk vendors, house cleaners and street-corner cooks are swelling in Latin America's No. 2 economy as out-of-work Mexicans turn to uncertain jobs to survive through a slow economic recovery. ... While poorly-paid workers in the cash economy can count themselves as employed, analysts say Mexico will not attain full economic health while a large share of those workers remain shut out of factories, offices and large enterprises that offer stability and benefits that can fuel consumption. August 25, 2010, Reuters

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