State of Mexico: What causes the lack of competitiveness?

What are average salaries in the state of Mexico?

Toluca, Mexico – The State of Mexico ranked 22nd in terms of salary earnings, with 57,233 pesos, 11 percent less than the national average.
 

Why are salaries lower in the state of Mexico than elsewhere in Mexico?

This was attributed to the state’s lack of competitiveness and the withdrawal of new business investments due to systemic corruption and excessive bureaucracy, stated Representative Faustino de la Cruz Pérez.

How do salaries in the State of Mexico rank nationally?

The nationwide study, based on the National Survey of Household Income and Expenditure (ENIGH), ranked Baja California Sur and Mexico City as the states with the highest salary earnings, at 91,417 and 89,310 pesos, respectively. However, the State of Mexico ranked 22nd nationally.

What is the response of  the Public Finance Committee of the local legislature?

In this regard, Representative Faustino de la Cruz, a member of the Public Finance Committee of the local legislature, stated that the low wage levels of the people of the State of Mexico are the responsibility of the regime that governed the state for more than 90 years and that will leave office due to popular rejection starting September 15.

“These results in family income are a consequence of the lack of policies and investment geared towards development and economic growth with well-paying jobs, combined with high levels of corruption and the lack of regulation of informal self-employment,” the Morena party member pointed out.

According to the study of wage perceptions, the income of households in the State of Mexico comes mainly from wages for salaried work, income from self-employment, and remittances and government programs.

What does really cause the lack of competitiveness in the State of Mexico?

He further emphasized that  a lack of competitiveness is caused by systematic corruption and was present in all state agencies, particularly those responsible for processing applications for new businesses. it  took up to two years to complete. He also cited exorbitant fees for permits and operating licenses, which discouraged business investment and forced companies to relocate to the Bajío region.

Therefore, he expressed confidence that with Delfina Gómez as governor, the new state government will implement a zero-tolerance policy and promote economic development, creating a new image for the State of Mexico and attracting new businesses with better salaries.