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http://www.nytimes.com/2008/05/01/us...tion.html?_r=1
The good news
The bad news
The trend is clear...
So the ones who are getting paid, are getting paid more. But there are significantly fewer well paying jobs.
Very much like the declining volume in sales but increasing median price in homes in 2006/2007.
The good news
That contrasts with the period from 2001 to 2006, when the amount of remittances to the region tripled, to $45 billion from $15 billion, according to figures from the development bank, a multilateral organization based in Washington that finances development projects in Latin America.
In the first quarter of this year, transfers to Mexico dropped 2.9 percent from the first quarter of 2007, Mexico’s central bank reported on Wednesday, the first significant decline since Mexico began tracking the transfers in 1995.
For Latin America as a whole, the amount of the money transfers, which are known as remittances, remained virtually flat over the last two years, the development bank reported.
For Latin America as a whole, the amount of the money transfers, which are known as remittances, remained virtually flat over the last two years, the development bank reported.
The survey found that only half of the 18.9 million Latino immigrants in this country now send money regularly to relatives in their home countries, compared with 73 percent two years ago.
Very much like the declining volume in sales but increasing median price in homes in 2006/2007.