Migrants salary added 373 thousand MDD

The salary mass of Mexican workers in the United States during 2024 was 373 thousand 726 million dollars, a growth of 9.6 percent compared to the 340 thousand 903 million dollars of 2023, the remittance forum of Latin America and Latin America revealed on Wednesday The Caribbean.

To dimension the size of the income that Mexican migrants had in the US during the last year, these are equivalent to a fifth of the Gross Domestic Product of Mexico, which amounts to a billion 800 billion dollars approximately.

It is also 43.8 percent higher than the entrance obtained in Mexico by workers assigned to the Mexican Social Security Institute, which in 2024 amounted to 259 thousand 979 million dollars.

However, said Jesús A. Cervantes González, general director of the Remittance Forum, it should be noted that the average price wages of the IMSS underestimately underestimate the truly obtained, which fosters an underestimation of the salary mass, in addition to the fact that the Comparison does not incorporate an adjustment by parity of the purchasing power.

According to the agency, which belongs to the Center for Latin American Monetary Studies (CEMLA), in the last six years, the total annual income of the nationals in the US has increased 39.6 percent, since in 2019, that is, before The Covid-19 Pandemia was 2,749 million dollars.

The increase in the salary mass of immigrant Mexicanensures the report.

Remittance forum data show that the salary mass of this population was integrated by 264 thousand 844 million dollars obtained by male gender workers and another 108 thousand 882 million for women, 29.1 percent of the total.

In addition, he points out that last year 93.3 percent of these resources of Mexican immigrant workers originated from full -time occupations.

About 61.8 percent of this labor income corresponded to Mexican workers without citizenship, with 64.6 percent figures in the case of men and 54.8 in women. Having citizenship is more frequent in women than in men.

According to the report, the main activity sector in the United States where the salary mass of immigrant Mexican workers was generated was that of construction and mining, with 97 thousand 834 million dollars, followed by professional and administration services, with 52 thousand 261 million; Manufactures, with 44 thousand 373 million, and food, recreation and lodging services, with 37 thousand 529 million dollars.

In 12 states, 80 percent of the labor mass were generated, being California and Texas the most important, with 119 thousand 320 million and 71 thousand 125 million dollars, respectively. That is, 51 percent of the remuneration left those two entities.