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Banned
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Mexican self-deportations
Mexicans working in US sending less money home
By MARK STEVENSON, Associated Press Writer 1 hour, 40 minutes ago ATOTONILCO, Mexico - Mexicans working in other countries are sending less money home, threatening businesses, stalling construction and choking cash flow to hamlets where as much as half the population works in the United States. Analysts said stepped-up immigration raids and the slowdown in the U.S. economy accounted for the drop in the payments, which many migrants use to sustain families back home. The payments, or remittances, have fallen about 2 percent this year to $11.6 billion, the first such drop in more than a decade since reliable records have been kept, Mexico's Central Bank said Wednesday. And the buying power of this money has been battered by the weakening U.S. dollar, which has lost about 8 percent of its value against the Mexican peso so far this year. In Mexico, businesses that once thrived selling everything from beds to bricks to the families of migrants have laid off workers. In this town of verdant fields beneath the snow-clad slopes of the Iztaccihuatl volcano, there's little left to rely on but small farms. "There's no money anymore," Carlos Escalona said of his family's business, which sells concrete blocks and bricks to help people build houses with the money migrants send home. Sales have fallen by a third, forcing the business to lay off 70 percent of the staff. Of migrant workers in the U.S., Escalona said, "They lose their jobs, and then they're afraid to leave the house. It's like they're trapped." Bank of Mexico President Guillermo Ortiz said about 22 percent of Mexican workers in the U.S. have jobs in construction, an industry that has slowed sharply. About 152,000 Mexican immigrant workers lost U.S. construction jobs in 2007, while overall unemployment for Mexican immigrants in the U.S. rose from 5.5 percent to 8.4 percent over the year, according to a June report by the Pew Research Center. Gone are the days when migrants came back to Mexico each year flush with cash, then returned to jobs waiting in the United States, as they did during the boom years of 2002 to 2006. Now, more migrants rounded up by U.S. immigration officials are being sent home penniless. Others have decided to return for good, bringing as many household items as they can along with them and eliminating the need to buy much locally. In Atotonilco, much of the business at Olivia Guzman's hardware store used to come around Christmas, when returning migrants would buy electric cables and circuit breakers to power up new appliances for their families in Mexico before returning to jobs up north. Now that business has mostly dried up. Where she once sold $30 or so per day, she now sells as little as $6, she said. Her business survives only because her father owns the building and doesn't charge her rent, she added. Things are no better at Yesica Ordonez' furniture store, Muebleria El Rosal, where migrant families once had enough money for her $50 chests of drawers or $100 beds. Now the few customers who do appear spend remittances on necessities, she said. "It's been about two years since things were good." Ortiz said remittances will probably drop 2 to 3 percent for the full year, the first sustained drop since 1995, when the bank began keeping a tally. In small towns, about one in eight families gets money from workers in other countries, the government estimates. The payments have become a key source of foreign currency for the bank, representing Mexico's second-largest source of outside income, after oil exports. It represents less than 3 percent of Mexico's gross domestic product. In the first part of the decade, the recorded payments grew rapidly — from $9 billion in 2001 to almost $24 billion in 2007 — because of swelling immigration and better reporting methods. The number of Mexicans crossing the border rose to an average of 400,000 a year between 2000 and 2004, more than 10 times the migrant flow of a generation ago. About three-quarters were undocumented, according to Mexico's Population Council. The cash those migrants sent home doubled the number of Mexican households that received remittances between 1992 and 2002. Now that growth appears to have reached an end. Jesus Cervantes, director of economic measurement for Mexico's Central Bank, predicted the trend in annual remittances will turn around, but said the days of unbroken gains are probably over. The pain is already being felt in places like Cheran, in the Mexican state of Michoacan, where officials say 41 percent of the town's 22,000 residents had migrated to the north, mainly to North Carolina and Michigan. Up until a few months ago, they were the town's main source of income, sending home about $500,000 per month. Another Michoacan town, Coalcoman, is trying to find jobs for returning immigrants by promoting organic vegetable farming, said town councilman Ramiro Godinez. "It's like a migratory phenomenon, but in reverse," he said. "We're looking for other alternatives." ___ Associated Press Writer E. Eduardo Castillo contributed to this report. |
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Bandwidth AbUser
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Quote:
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Jim R. |
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Hahahahaha.
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3.2 targa |
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This doesn't sound like good news!
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Carsten AKA Sapporo Guy ![]() 1982 SC -- US import it seems ... weeeeeeeeeeeeeeeeeeeee
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Team California
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It's not good news. It's great news.
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Denis Last edited by speeder; 07-30-2008 at 09:59 PM.. |
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Dog-faced pony soldier
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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Evolved
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And you all thought Bush had no plan for illegal immigration?
First you run the economy into the ground; "I ...I think I'll call it 'Mexigration'!" "Or ...hey, how 'bout this Dick? We demand that each of them, trying to sneak in, bring a barrel of oil with them!??" "Dick? Condi? You with me on this?" "Where the heck is Rove at??"
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Don't fear the reaper. Last edited by Mo_Gearhead; 07-31-2008 at 05:21 AM.. |
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When you consider long terms cost of retirement and healthcare - every illegal who shows up at the border should be given $5,000 to go home and never come back.
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Did you get the memo?
Join Date: Mar 2003
Location: Wichita, KS
Posts: 32,701
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So does this mean our govt is going to start sending them foreign aid?
![]() If they'd focus on fixing THEIR country, which is rich in natural resources (and corruption), they wouldn't be having this problem.
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‘07 Mazda RX8-8 Past: 911T, 911SC, Carrera, 951s, 955, 996s, 987s, 986s, 997s, BMW 5x, C36, C63, XJR, S8, Maserati Coupe, GT500, etc |
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Kinda off-topic, but over the last few weeks I've seen TONS of cars with Mexico plates around here. Yesterday I even spotted a Ferrari from somewhere down there. I don't know if it has anything to do with the exchange rate and maybe that the rich can come to the US and buy more, or something else like a major holiday in Mexico going on right now.
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The second paragraph states that mexico blames the immigration raids and the weakening US dollars for the shortfall in remittances.
I don't think that it is immigration raids. How many in your part of the country. Here in Houston maybe 2 in the last year totaling about 300 illegals.
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the unexamined life is not worth living, unless you are reading posts by goofballs-Socrates 88 coupe |
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Quote: The jobs Americans wouldn't do.
Earlier this summer we spent a week in Montana and Wyoming. It was amazing to see white folk doing "those jobs". Plenty of ditch diggers, contruction workers and hotel house keeping staff doing low wage work up there. Maybe they were from Canada...
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KNS it's amazing how in all white areas white people do the jobs that liberals tell us white people won't do.
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Quote:
Now that's a shame. These criminals are have a rough time of it and aren't taking as much money out of our economy and sending it elsewhere to help a different country's economy as much as they use to, yet they say it like it's a bad thing. Curious. Last edited by sammyg2; 08-01-2008 at 11:28 AM.. |
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Whoa!!!!
You can get chest of drawers down there for $50? |
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Quote:
Turns out that it takes relatively few raids to have significant impact on the illegal workforce. Dan
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Not sure what "significant impact" is measured. I would speculate that the home construction downturn has had more of an effect. I do agree that if more workplace raids were conducted then an impact would be felt but there have not been enough at this time. The penalty for the company should be more severe and that would be a better deterent as opposed to having the worker punished.
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the unexamined life is not worth living, unless you are reading posts by goofballs-Socrates 88 coupe |
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