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Article #3072Re: 'River of gold' swells to a flood
From: breecher
Date: Thu, 08 Feb 2007 01:06
Date: Thu, 08 Feb 2007 01:06
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On 7 Feb 2007 10:14:07 -0800, "Don Gabacho" <jpastore@nettaxi.com> wrote: >'River of gold' swells to a flood > >Flow of money from Mexicans in the U.S. counters pressure to control >migration >By S. Lynne Walker >COPLEY NEWS SERVICE > >February 7, 2007 > >MEXICO CITY - Mexicans living abroad sent home a record $23 billion >last year, raising new questions about whether the government of >President Felipe Calder�n can afford to slow migration. > > >PEGGY PEATTIE / Union-Tribune >In San Ysidro yesterday, Diana Trejo (left) helped Rosa Colin Flores >transfer money to a Mexican airline to buy a ticket to visit her >mother in Mexico City. >In just one year, the amount of money migrants wired their families >jumped 15 percent, according to Mexico's central bank, overtaking >tourism to become the nation's second-biggest source of foreign income >after oil. > >"This is a river of gold that flows into Latin America and Mexico. >Daily. Weekly. Monthly. It never stops," said Sergio Bendixen, >president of Bendixen & Associates, a public opinion research firm in >Coral Gables, Fla., that surveyed Mexicans on both sides of the border >for the Inter-American Development Bank. > >Bendixen's study highlights a basic fact about immigration: Mexicans >who migrate to the United States are key to the economies of both >countries. > >When his firm interviewed 1,700 Mexicans living in the United States >in May, 55 percent said they were unemployed in Mexico. Thirty-nine >percent said they earned no more than $400 a month in Mexico. > >Once they crossed the border, 51 percent found jobs within a month of >their arrival in the United States. Thirty-eight percent were working >in less than two weeks. Their average pay was $900 a month. > >"Mexico is getting addicted to the money, and the U.S. is getting >addicted to the labor," said Bendixen, who presented his findings last >week in Mexico City. "As Europe and the United States and Japan and >the industrialized world get older - who's going to do the work? In >the United States, you don't raise your kid to be a hotel maid, or >pick tomatoes or to be a construction worker. That's not what we >aspire to anymore." > > >PEGGY PEATTIE / Union-Tribune >At the Monte de Piedad in San Ysidro yesterday, Diana Trejo counted a >customer's cash for a wire transfer to Mexico. Store owner Francisco >Anzar said most customers come in once or twice a month to send >between $100 and $300. >Mark Krikorian, who heads a Washington, D.C., research group that >supports tighter immigration controls, blames U.S. immigration policy >for encouraging the flow of money and labor. An estimated 12 million >Mexicans live in the United States and account for nearly all of the >remittances sent to Mexico. > >"The politicians try to square the circle by telling their corporate >contributors, 'We're going to make sure you get all the docile, >servile labor you need,' but telling the public, 'Don't worry. They're >all going to go home because we're going to throw them out when we're >done with them,' " said Krikorian, executive director of the Center >for Immigration Studies. > >"We have permitted illegal immigration. It is not a phenomenon we were >powerless to control. We have actively permitted it." > >A labor factory >In Zacatecas, a northern farming state plagued by droughts, half the >population has migrated to the United States - many of them to Orange >County and Los Angeles County. They send home $2 million a day. > >Mexico has become "a factory that produces labor for the United >States," > >said Miguel Moctezuma, a professor at the Autonomous University of >Zacatecas who specializes in immigration. He said people on both sides >of the border take advantage of the migrants. > >"In the United States, there is a mentality of extracting the most >work possible from the labor force: 'Come, but come with the fewest >rights and at the lowest cost possible.' > >"In Mexico, there is also a mentality of extracting from migrants: >'Go, take care of your family, send more money and also be responsible >for Mexico's development.' > >"It is like a cow that is being milked from both sides," Moctezuma >said. > >Calder�n touched on the migration issue in December when he traveled >to the U.S.-Mexico border to greet his countrymen as they returned >home for Christmas. > > >"When Mexicans cross the border to go north, our country loses >valuable people and our economy loses what is most important: human >worth," he said. "We need to see to it that what crosses the border is >more investment in Mexico and not labor to the United States." > >At the same time, Calder�n called migration a "worldwide phenomenon" >pushed by "the aspirations of men and women" seeking a better life, of >assuring "a dignified present and a better future for their families. >There is no crime in that." > >That mixed message has long characterized the Mexican government's >attitude toward migrants, Moctezuma said. > >"Government officials know perfectly well that it's not feasible for >them to come back," he said. "Mexico does not have the luxury of >designing policies to slow immigration." > >Mexicans in the United States send money home an average of 10 times a >year, up from seven times a year in 2003. The amount they send each >time has also increased, from $190 to $225, Bendixen said. > >More than 10 million of Mexico's 107 million residents receive money >from relatives in the United States, and much of that money reaches >impoverished communities. Of the 4 million families who receive the >money, at least one-third would be at or below the poverty level >without the remittances. > >Mexicans are not only spending that money on essentials, but are also >investing in their communities - fixing up parks, putting up fences >around cemeteries, building clinics. > >Some use the money to open savings accounts, to buy health insurance >and to put their children through college, according to a survey that >Bendixen's company conducted last fall of 2,400 people living in >Mexico. > >Krikorian complains that by sending so much money home, Mexican >immigrants are draining themselves - and the poor U.S. neighborhoods >where many of them live - of much-needed capital. > >"Although immigrants very often imagine they're going home and send >money as part of a strategy to earn money to buy a house or a cab or a >hot-dog stand (back in Mexico), often events intercede," Krikorian >said. "They fall in love. They get married. They have kids. And they >end up not wanting to move back. It's a normal part of the immigration >story. > >"What these people will just have done is spend 10 years sending the >capital home that they should have been saving for their kid's college >education, to buy a home, to buy their own hot-dog stand in the United >States." > >Opening doors >Just as the Mexican government has tapped into the migrants' money, >the Inter-American Development Bank is pushing Mexican businesses to >overcome longtime social and economic prejudices and offer bank >accounts, mortgages and short-term credit to the migrants' families. > >"In the past, these were not people the banks were interested in," >said Bendixen. "If you owned a bank in Latin America, you dealt with >the aristocracy. You dealt with the government and you dealt with a >few businesses that had capital. But the rest were never going to have >any money, so why bother? Now, these people have money. > >"There are some wonderful opportunities here. Think about a process >that gets a lot more young people into universities, that gets the >housing industry going because now there are more mortgages available. >Let's think of ways to maximize the impact of this money." > >As Mexican government and business leaders contemplate ways to deal >with migrants' increasing economic power, the United States may face >an entirely different immigration challenge in the next few decades: a >decreasing supply of unskilled labor from Mexico. > >"The rate of growth in Mexico's population is headed downward" at an >unprecedented rate, said Phillip Longman, a senior fellow at the New >America Foundation, a Washington, D.C., research group, and the author >of a book on shifting demographics titled, "The Empty Cradle." > >"From the mid-'70s until now, Mexico has gone from an average of six >children per woman to two," he said. "That's going to lead to much >less pressure to immigrate to the United States." > >Eventually, Longman said, "we may actually find ourselves competing to >attract workers." Deportation of every single illegal alien would spawn great economic growth coupled with increased social stability. Max
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X-Google-Thread: fd5f7,16f1ddaa8549ad3,start X-Google-Thread: 110f21,16f1ddaa8549ad3,start X-Google-Thread: 109097,16f1ddaa8549ad3,start X-Google-Thread: 1141a2,16f1ddaa8549ad3,start X-Google-Thread: f765b,16f1ddaa8549ad3,start X-Google-Attributes: gidfd5f7,gid110f21,gid109097,gid1141a2,gidf765b,public X-Google-Language: ENGLISH,ASCII Path: arc1-ca.pugleaf.net!g2news2.google.com!news3.google.com!sn-xt-sjc-05!sn-xt-sjc-08!sn-post-sjc-02!sn-post-sjc-01!supernews.com!corp.supernews.com!not-for-mail From: breecher@lycos.com Newsgroups: sci.econ,alt.politics.economics,houston.general,alt.politics,mn.general Subject: Re: 'River of gold' swells to a flood Date: Wed, 07 Feb 2007 18:06:33 -0700 Organization: Posted via Supernews, http://www.supernews.com Message-ID: <kptks2131inujpn30turpv6th2cca7620v@4ax.com> References: <1170872047.702780.112680@a34g2000cwb.googlegroups.com> X-Newsreader: Forte Agent 4.1/32.1088 MIME-Version: 1.0 Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: 8bit X-Complaints-To: abuse@supernews.com Lines: 192