Money Sent To Mexico Down As Contruction Employment Slows
The economy of Mexico is starting to be affected by the housing slowdown. The huge underground economy of migrant workers in the contruction industry has been seriously impacted by the slowdown. These are the workers that are day laborers, never show up on any employment rolls or government reports, but at the same time build the homes.
We have covered the impact of illegal immigrant employment in the housing industry and expected this result to occur. What caught my attention was that the Wall Street Journal found a way to measure the impact. They are measuring the amount of money flowing back into Mexico from the United States and have found a steep decline that corrolated with the slowdown in the housing industry.
So with the slowdown of new construction the amount of money headed back to Mexico has also slowed down. What most likely will occur now is a slow exodus of workers back to Mexico or to other sectors of the employment landscape.
If you have a business that relies on selling to illegal immigrants, you are probably experiencing a severe slowdown. And these numbers will never show up or be felt by Washington in their reports.
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Great blog, keep the great content coming! 
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Comment by john harper on 26 April 2007:
Tom – this is great. Have you sent this to Bill O’Reilly yet?
Comment by Ronnie on 4 November 2007:
ditto for me too, Tom Along with the greed of the idiots who loaned this “easy” money and the idiots who borrowed way in over the head, there is another culprit IMO. That culprit is the illegal aliens who came up here, and trashed our economy with their throat-cutting wages. May their families in Mexico and Latin America feel the pain in a hard way. They broke the law, now they can deal with it.