Define a current problem in Mexico. What are the resulting socio-economic costs of the problem to the affected individuals?

Income inequality has significant socio-economic impacts on Mexican youths and vulnerable populations. High poverty and low productivity growth are Mexico’s key problems emanating from persistent income inequality. The productivity of youths and individuals in the lower-income groups in Mexico is at stake because of the poor allocation and redistribution of income. Lack of income equality in the country continues to harm the investment decisions of the affected individuals resulting in increased poverty levels.

The purchasing power of groups experiencing income inequality in Mexico is a concern. The salaries of these individuals are not enough to enable them to acquire basic food and provide for their families. Those affected by income inequality are living completely marginalized from future progress of socio-economic well-being. Increasing violence, drug trafficking, high levels of unemployment, and low education levels among Mexican youths are all effects of increasing income inequality in the country.

Answer by Academic.tip's expert
An answer to this question is provided by one of our experts who specializes in business & economics. Let us know how much you liked it and give it a rating.

Cite this page

Select a citation style:

References

Academic.Tips. (2022) 'Define a current problem in Mexico. What are the resulting socio-economic costs of the problem to the affected individuals'. 9 October.

Reference

Academic.Tips. (2022, October 9). Define a current problem in Mexico. What are the resulting socio-economic costs of the problem to the affected individuals? https://academic.tips/question/define-a-current-problem-in-mexico-what-are-the-resulting-socio-economic-costs-of-the-problem-to-the-affected-individuals/

References

Academic.Tips. 2022. "Define a current problem in Mexico. What are the resulting socio-economic costs of the problem to the affected individuals?" October 9, 2022. https://academic.tips/question/define-a-current-problem-in-mexico-what-are-the-resulting-socio-economic-costs-of-the-problem-to-the-affected-individuals/.

1. Academic.Tips. "Define a current problem in Mexico. What are the resulting socio-economic costs of the problem to the affected individuals?" October 9, 2022. https://academic.tips/question/define-a-current-problem-in-mexico-what-are-the-resulting-socio-economic-costs-of-the-problem-to-the-affected-individuals/.


Bibliography


Academic.Tips. "Define a current problem in Mexico. What are the resulting socio-economic costs of the problem to the affected individuals?" October 9, 2022. https://academic.tips/question/define-a-current-problem-in-mexico-what-are-the-resulting-socio-economic-costs-of-the-problem-to-the-affected-individuals/.

Work Cited

"Define a current problem in Mexico. What are the resulting socio-economic costs of the problem to the affected individuals?" Academic.Tips, 9 Oct. 2022, academic.tips/question/define-a-current-problem-in-mexico-what-are-the-resulting-socio-economic-costs-of-the-problem-to-the-affected-individuals/.

Copy