Feb 26, 2013 7:57 PM GMT
On one hand this is a reflection that both parties will need to adjust their immigration platforms - particularly Republicans... on the other, this as much as this is reflection on how much better the Mexican economy is doing, it's also an indictment of how poorly the US economy has been and as a corollary, the failure of its policy makers.
Fears that America will be overrun by a mass of poor workers from Latin America are looking more and more like yesterday’s news. Birthrates in Mexico are falling, and the economic situation continues to improve. At 5 percent, Mexico’s unemployment rate is nearly three points below ours. In 2012, its GDP grew by nearly 4 percent, and foreign investors, encouraged by the turnaround, poured $57 billion into stocks and bonds in the first nine months. Forthcoming reforms in the telecommunications and energy sectors may also help those industries to boom. The country’s economic forecasts are so promising that the Financial Times has dubbed it the “Aztec tiger.”
This is good news. As the Mexican economy improves, immigration pressures will continue to abate. Who knows? If the trends continue, maybe we’ll even see southbound migrants outnumbering northbound ones.