Six of ten in Mexico working in informal sector

Mexican Labor and Social Welfare (STPS) Secretary Alfonso Navarrete Prida reported on 4 November 2016 that six of every ten people employed in Mexico are working in the informal economy (El Universal). Navarrete Prida blamed the statistic on the fact the world economy has not grown at rates similar to those before the 2008 economic crisis, and also cited the fourth industrial revolution, as automation and artificial intelligence replace employees in production lines by (El Universal). Navarrete Prida also warned of the amplified impact of migrants from Central America seeking work, who could increasingly be denied entry to the United States. The Secretary cautioned such a scenario would cause heavy tension in the labor market, especially in the states of Chiapas, Tabasco and eventually Mexico City, as wages would be driven downward by displaced populations (Excelsior).