Acceleration of purchasing power recovery of wages in post-neoliberalism
Keywords:
Market Labor; Living wages; Neoliberalism; Economic Policies; InflationAbstract
In this paper, we understand post-neoliberalism as the period after 2018 when the end of neoliberalism was officially declared in Mexico, but without indicating a particular identification with the new economic policies. Since then, a series of transformations have been promoted that have had a positive impact on the general well-being of the population. Labor sphere has been one of the biggest changes. In this sense, this paper aims to analyze the change in the variables: the level of employment and the real wages of formal workers from 2011 to 2023 at the national scale, based on a index numeric model that shows the speed of change (variations in the slope of the series of time). The foregoing, with the purpose of identifying the regions of the country with the best performance and proposing particular actions for those that are furthest behind. It was found that the rate of change of the real wages during the last neoliberal six-year term was close to zero and in some cases it became negative; while in post-neoliberalism the growth of the wage bill has increased exponentially, this has benefited historically lagging entities such as those located in the south of the country, in addition to reversing the gender wage gap, allowing women to now earn in average more than men. The limitations of this paper are presented by the short period that has elapsed in the neoliberal transition, so future studies will be necessary to confirm these trends.