Population Statistic: Read. React. Repeat.
Tuesday, November 17, 2021

Thank God for NAFTA, or else the Mexican economy wouldn’t be able to subsidize its illegal-immigrant expatriates living north of the border:

Unemployment has hit migrant communities in the United States so hard that a startling new phenomenon has been detected: instead of receiving remittances from relatives in the richest country on earth, some down-and-out Mexican families are scraping together what they can to support their unemployed loved ones in the United States…

Statistics measuring the extent of what experts are calling reverse remittances are hard to come by. But interviews in Mexico with government officials, money-transfer operators, immigration experts and relatives of out-of-work migrants show that a transaction that was rarely noticed before appears to be on the rise.

Hey, any foreign investment in a still-shaky U.S. economy is a good sign. You almost hate to see the Great Recession end…

by Costa Tsiokos, Tue 11/17/2009 09:17 AM
Category: Business, Society
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