Mexico hit by slow growth despite its booming car industry, rising exports
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Mexico City
MEXICO'S booming automobile industry is generating more export dollars than oil, building more cars than Brazil and giving a job to Esmeralda Velazquez. What it isn't doing is raising her living standards.
The 37-year-old machine operator at an auto suspension plant earns US$295 per month - not enough to afford a telephone service or separate beds for her two daughters, let alone a computer or car. Pay raises have barely kept pace with inflation since she began working in the industry 15 years ago, she said.
