Mexico Facts of the Day

Moneybox
A blog about business and economics.
Nov. 19 2013 9:37 AM

Mexico Facts of the Day

119271004
German car, Mexican workforce.

Photo by Jose Castañares/AFP/Getty Images

From Damien Cave's article on the auto industry building a new middle class in Mexico:

In many ways, central Mexico has already surpassed Detroit. There are now more auto-industry jobs in Mexico than in the entire American Midwest. At least 100,000 jobs have been added in Mexico since 2010, according to a recent Brookings Institution report, and General Motors, Ford, Chrysler, Honda, Mazda, Nissan, Audi and Volkswagen have all announced expansion plans, with nearly $10 billion to be invested over the next several years, mainly in a 400-mile corridor from Puebla to Aguascalientes.
Advertisement

But also:

Only 36 percent of Mexicans between 25 and 64 have earned the equivalent of a high school degree, according to the Organization for Economic Cooperation and Development.

The current Mexican government, as I understand it, is taking some pretty bold moves to try to improve education. But the payoff of that kind of reform is uncertain and long-term.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.