A little news from Mexico this morning.
Remittances from Mexican workers in the U.S. reached a five year high in September and totaled $2.08 billion, accorrding to a story from Mexico in Bloomberg. While a cheaper peso accounts for some of the increase, Mexican workers in the U.S. are also moving into better paying jobs in the service sector. The move to service sector jobs is due in part to a decline in traditional jobs in fields such as construction.
If Mexicans are moving into the service sector in the U.S., perhaps we should consider more outsourcing to Mexico.
