Productivity Lags, Wages More So

MEXICO - Report 08 Oct 2014 by Mauricio González and Ernesto Cervera
Executive Summary Labor productivity per hour worked in Mexico has showed relatively lackluster growth over the past five years, having risen by only 10% since the first quarter of 2009 largely on the strength of a 12% increase in activity in the dominant service sector. Productivity in the industrial sector climbed a mere 5% higher over the past half decade at the same time as that of the primary sector edged only 1.0% higher. The strongest expansion of labor productivity per hour worked has been achieved in the manufacturing sector (+16.9%), however, unit labor costs at factories have lag...

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