Workers had a greater “percentage of the pie”: SHCP

Mexico City. During the six-year term of President Andrés Manuel López Obrador, one of the most important pillars of his government strategy was that workers had a larger percentage of the piewhich was reflected in a considerable decrease in working poverty, said Rodrigo Mariscal Paredes, head of the Economic Planning Unit at the Ministry of Finance and Public Credit (SHCP).

The official highlighted that although at the time it was feared that salary increases and other job benefits would reduce employment, the reality is that there is currently much more than there was in previous administrations.

The proof, Mariscal Paredes highlighted, is that during the current administration, working poverty decreased.

We had 15 years of fairly precarious and limited, even stagnant, work income. Today, working poverty has gone from 40 to 35 percent of the population, which is a direct consequence, isolating the effects of the covid-19 pandemic, of the fact that in this administration labor income, in real terms, went from 3 thousand pesos to 4 thousand pesos per monthhe assured.

The neoliberal policies that governed the Mexican economy until 2018, the official said, inherited deep income inequality from the current administration, given that it is a model that is not interested in trying to benefit or reduce inequality among society, nor at the level company, home or regional.

To attack regional inequality, Mariscal Paredes added, gross capital investment has been fundamental, specifically with another pillar of the current administration: regional development projects. That was a change because from 2009 to 2020 the trend was downward, but from 2021, when the deployment of the works began, the trend was reversed..

He highlighted that although the government was strongly committed to project investment, it did not displace private investment, as it has always been a complement, even becoming a spearhead to trigger investments in states that for decades had been relegated from activity. economic, causing them to register very low and precarious growth rates.

The official participated in the course Neoliberalism and economic alternatives in Mexico, organized by the National Institute of Political Training of Morena.

Marginalized states have grown much more in this administration than in past six-year terms, which helps combat inequality in the regions, he noted.

Regarding how the current administration leaves the country after six years, the official highlighted foreign direct investment, which in Mexico continues to grow when the global trend is of decline; This, thanks to the profitability of the companies achieved by the commercial opportunities that the government has provided. Furthermore, the country risk is moderate and the economy is healthy, as are public finances; There is notable stability compared to other countries and public debt is controlled.