Image credits: 烧不酥在上海 老的, Unsplash
News Article

Young People, the Most Affected by Unemployment in Mexico

By MBN Staff | Fri, 06/19/2020 - 09:57

Before the pandemic began, most young people in Mexico already lived in precarious working conditions, being subject to low wages, few benefits and contracts under outsourcing systems. Now that COVID-19 has unleashed crises never seen before, 70 percent of Mexicans who lost their jobs are below 29 years of age, which represents a new problem for this sector, revealed Alianza Jóvenes con Trabajo Digno. Most of these cases are concentrated in the services and tourism sector, mainly in the states of Quintana Roo, Nayarit and Mexico City.

“The first people who were fired during this pandemic were young people. Of the formal jobs registered with IMSS that were lost in March, 70 percent were for young people up to 29 years of age. The loss of jobs is very serious for everyone but even more for young people who already had a higher level of unemployment before this health crisis,” said Andrea Méndez, Director of Fundación Forge México during a virtual press conference. 

"Before COVID-19 and this economic crisis, most young people who worked lacked sufficient wages, a stable contract, union affiliation and many suffer from underemployment or work excessive hours," she added. According to Alianza Jóvenes con Trabajo Digno, 67 percent of young people with jobs receive insufficient income to cover the cost of the basic food basket for a family of two, 31.61 percent lacked affiliation to social security, 7 percent were underemployed, 25 percent had long working days up to 48 hours a week and 43 percent did not have benefits.

More news below:

  • The OECD and the World Bank published a report titled Health at a Glance: Latin America and the Caribbean 2020. The document points out that health expenditure in Latin America and the Caribbean (LAC) is considerably lower than the OECD average.

  • Given that recessions happen every four to 10 years, this means entrepreneurs have to think about doing things that will survive multiple dips and economic uncertainties, wrote Jonah Greenberger CEO of Bright in an article this week. He listed the lessons he has learned on his way as an entrepreneur.

  • Rural and semirural community development is a job that demands the participation of all members of society, including the private sector. “We are seeing an awakening in corporate consciousness regarding social issues. Though most employees spend their entire day in an office, they still have the desire to help people,” told to MBN Fernanda de la Peña, Director General of Fomento Mexicano.

  • Mexico has put on hold the flow of seasonal farmworkers to Canada after two Mexican workers died over the past few weeks and dozens more were hospitalized amid the COVID-19 pandemic, CNN reports.

MBN Staff MBN Staff MBN staff