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New goverment and residency


Drew

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1 hour ago, Drew said:

I had heard that after the first of the year that the new goverment was going to raise the finacial requirments for new residency applications.Has anyone else heard this?

Speculation abounds.  What I await are facts. I'm sure we'll hear about them when they exist. 😉

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16 hours ago, WideSky said:

When they raise the minimum wage (which happens each year) then the financial requirements will change.  Nothing new

In his inaugural address--the address at San Lázaro, which is the one I heard in its entirety--President López Obrador said, "As of January 1, 2019, the daily minimum wage will be doubled."  

Normally the minimum wage is raised by just a few pesos each January.  This is indeed something new.  At this time, income requirements for foreigners wishing to receive either a temporary or permanent visa to live in Mexico are based on a figure tied to the minimum wage.  It remains to be seen whether or not that will change.  

It's a whole new world.

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1 hour ago, 757 said:

I read that the legislature is considering a raise to 176.72 mxn as a MDW.....Mazatlan Post

If true:

Temporal is 300 times that or $2,598 USD @ 20.4

Permanente is 500 times or $4,331

 

 

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According to Intercasa'a guide "To qualify for the permanent visa they must show a monthly income of 500 times the minimum wage (for 2018 it is 88.36 pesos) or 44,180 pesos or $2,281 US dollars using an exchange rate of 19.37 to 1 (using January 3, 2018 exchange rate). This must be documented with 6 months bank statements. "  Using those numbers, if the minimum wage doubles and the rules don't change, the monthly income requirement would be $4,562.

Note: Just saw Angus' post

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1 hour ago, RickS said:

Might it not be a little too early to make that prediction?

Nope--at least IMHO.  Starting from the unprecedented voter turnout on July 1, 2018, right up to his first flight as president, it's 180º from anything most of us alive today have seen.  The last president with a similar mindset was Lázaro Cárdenas, elected 1934.
http://www.eluniversal.com.mx/nacion/politica/amlo-toma-su-primer-vuelo-comercial-veracruz-como-presidente

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21 hours ago, Drew said:

I had heard that after the first of the year that the new goverment was going to raise the finacial requirments for new residency applications.Has anyone else heard this?

Fair enough. I'm sure the USA will reciprocate with financial requirements for Mexican nationals living in the USA. They should also charge an import bond of $400 per Mexico manufactured auto sent into the US and refund it when they come back south. I think all laws and tariffs should be reciprocal.

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We are hoping if minimum wage skyrockets that they will peg the qualifications to the UMA index as when the new law came out they raised things then changed and lowered them.  Never been much of a difference .

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18 hours ago, geeser said:

Fair enough. I'm sure the USA will reciprocate with financial requirements for Mexican nationals living in the USA. They should also charge an import bond of $400 per Mexico manufactured auto sent into the US and refund it when they come back south. I think all laws and tariffs should be reciprocal.

:D

It's being reported 63 percent of immigrant households there are collecting welfare.  Where do we sign up?

Unfortunately, when it comes to immigration, Mexico has a much better system and attitude (Mexico and Mexicans first) than the U.S.  What I find interesting are the people who live in this country that definitely follows a policy of placing itself and its citizens first react with hostility and hatred when anyone or any duly elected politician there suggests that the U.S. do the same. 

Go figure.

 

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1 hour ago, ComputerGuy said:

If Canada and the US are any indication (and these are moneyed countries), there will be no "skyrocketing" of minimum wage.

In the US there is a Federal minimum wage of $7.25 but states and localities can set higher minimums.  Here is a list of those minimums as of the beginning of 2018.   Minimum Wages in US States and Cities

I don't know whether Canadian provinces/cities can and/or do this Canada.  Or if states/cities in Mexico can do this.  

 

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23 hours ago, More Liana said:

In his inaugural address--the address at San Lázaro, which is the one I heard in its entirety--President López Obrador said, "As of January 1, 2019, the daily minimum wage will be doubled."  

Normally the minimum wage is raised by just a few pesos each January.  This is indeed something new.  At this time, income requirements for foreigners wishing to receive either a temporary or permanent visa to live in Mexico are based on a figure tied to the minimum wage.  It remains to be seen whether or not that will change.  

It's a whole new world.

The doubling of the minimum wage will cause prices on nearly everything to sky rocket as well. Then the peso will crash and people will really suffer.

Every thing in the country has a labor component and some of that is probably minimum wage there is no way it won't show up in the price of the goods or services.

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1 hour ago, Mainecoons said:

 

It's being reported 63 percent of immigrant households there are collecting welfare.

 

Unless a link is shown, I call BS.

Most immigrants require a sponsor that signs an Affidavit of Support. That sponsor must repay the government for any Means-Tested Public Benefits the immigrant may get.

https://www.immihelp.com/affidavit-of-support/sponsor-responsibilities-obligations.html

Undocumented immigrants are not eligible for any government based help, except return travel to their home country.

 

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45 minutes ago, geeser said:

The doubling of the minimum wage will cause prices on nearly everything to sky rocket as well. Then the peso will crash and people will really suffer.

Every thing in the country has a labor component and some of that is probably minimum wage there is no way it won't show up in the price of the goods or services.

The truth is businesses, and the opposition, will never allow it. That and the many "protection contracts" in big business in Mexico. This is not something the President can just "do".

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53 minutes ago, Bisbee Gal said:

In the US there is a Federal minimum wage of $7.25 but states and localities can set higher minimums.  Here is a list of those minimums as of the beginning of 2018.   Minimum Wages in US States and Cities

I don't know whether Canadian provinces/cities can and/or do this Canada.  Or if states/cities in Mexico can do this. 

Yes, in Canada, provinces and territories are responsible for setting minimum wages.

However, it is not quite what it seems on the surface. Forgetting the whole Tim Horton's debacle, and that the Conservatives took over in Ontario recently and vetoed the approved hike in minimum wages from $14 to $15  (austerity, ya know... listening, AMLO?), there are all kinds of riders and caveats associated with the laws that get put through.

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On 12/4/2018 at 10:13 AM, More Liana said:

In his inaugural address--the address at San Lázaro, which is the one I heard in its entirety--President López Obrador said, "As of January 1, 2019, the daily minimum wage will be doubled."  

Normally the minimum wage is raised by just a few pesos each January.  This is indeed something new.  At this time, income requirements for foreigners wishing to receive either a temporary or permanent visa to live in Mexico are based on a figure tied to the minimum wage.  It remains to be seen whether or not that will change.  

It's a whole new world.

That increase would be horribly inflationary. The increased cost will show up in every product or service in Mexico. Of course that always  follows more socialism, just look at Venezuela.

It will certainly be worse for our Mexican neighbors than for any northerners. Inflation of great magnitude usually results in price controls. Price controls result in shortages.

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2 hours ago, geeser said:

That increase would be horribly inflationary. The increased cost will show up in every product or service in Mexico. Of course that always  follows more socialism, just look at Venezuela.

It will certainly be worse for our Mexican neighbors than for any northerners. Inflation of great magnitude usually results in price controls. Price controls result in shortages.

So you think it's better for people to earn the current minimum wage of 88.8 pesos a day?  

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