After 1982: Mexican Income Takes a Major Plunge

The IMF’s recommended reforms are widely viewed to have a negative effect on the earnings of the average Mexican. For example:
In the period between 1983 and 1988, per capita income falls at a rate of about 5 percent per year.
In the same period, the value of workers’ real wages falls from 40 to 50 percent.
The share of national income received by workers declines from 49 percent in 1981 to 29 percent in 1990.
Adjusted for inflation, the Mexicans’ real wages fall by 75 percent throughout the 1980s. [Global Exchange, 9/2001, pp. 4 ; Harvey, 2005, pp. 100]