Tuesday, March 27, 2007
Interesting little note from Time magazine.
So, if each Mexican "migrant" worker works 2,300 hours, and sends home 100% of earnings, you get a million "migrant" workers in the U.S.
At a remittance rate of 25%, you have four million "migrant" workers in the country.
Here's the bottom line: If Time can find out how much "migrant" workers sent home, and the average pay per hour for "migrant" workers, it's probably not beyond them to find out average remittance rate, giving us a fairly accurate count of the actual number of "migrant" workers. Going one step further, were they to ask after the average number of "migrant" family members accompanying each "migrant" worker, they'd have a good take on the total number of "migrants" in the country.
I hear vague remarks about 5 to 20 million Mexican "migrants" in the U.S. I'd love a slightly more precise number, and Time looks to be at the point of providing it.
Come to think of it, you'd also get an idea of the total value of the "migrant" sector of the economy. Given the size of remittances, it'd be, what, about $100 billion? About the size of the teen (12 - 17 years old) market. That's sizeable, but not really all that big.
We could probably have A Year Without a Mexican, and not be too put out.
So, if each Mexican "migrant" worker works 2,300 hours, and sends home 100% of earnings, you get a million "migrant" workers in the U.S.
At a remittance rate of 25%, you have four million "migrant" workers in the country.
Here's the bottom line: If Time can find out how much "migrant" workers sent home, and the average pay per hour for "migrant" workers, it's probably not beyond them to find out average remittance rate, giving us a fairly accurate count of the actual number of "migrant" workers. Going one step further, were they to ask after the average number of "migrant" family members accompanying each "migrant" worker, they'd have a good take on the total number of "migrants" in the country.
I hear vague remarks about 5 to 20 million Mexican "migrants" in the U.S. I'd love a slightly more precise number, and Time looks to be at the point of providing it.
Come to think of it, you'd also get an idea of the total value of the "migrant" sector of the economy. Given the size of remittances, it'd be, what, about $100 billion? About the size of the teen (12 - 17 years old) market. That's sizeable, but not really all that big.
We could probably have A Year Without a Mexican, and not be too put out.
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