Immigrants are moving south from California to Mexico where unemployment is just 4.9%. Since 2008, 300,000 workers from Mexico have abandoned the broken California dream for a better life in Mexico. The Mexican economy is growing at 4-5%, expanding the middle class, while the middle class in the U.S. is shrinking as all the benefits of the weak recovery are going into hoarded corporate profits. Young entrepreneurial workers are building new businesses in Mexico, while skilled tradesmen find work in construction there. Mexico's banks are strong, loans are affordable and they are lending to small business.
"It's now easier to buy homes on credit, find a job and access higher education in Mexico," Sacramento's Mexican consul general, Carlos González Gutiérrez, said Wednesday. "We have become a middle-class country."
The Sacramento region, suffering from 12.3 percent unemployment and the construction bust, may have triggered a large exodus of undocumented immigrants, González Gutiérrez said.
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Because birth rates in Mexico have plummeted from over 5 per woman in the 1970s to 2.1 today, the labor supply in Mexico will soon stop growing. As the excess of labor to jobs in Mexico shrinks, the trend of workers heading south will continue as wages in Mexico go up. Young, hard working Mexican immigrants who powered the construction boom in the Clinton years are not coming back.
Republican extremists may see the reversal in immigration as a sign of improvement but in reality it is a sign of the decline of the United States. There's more opportunity for a young Mexican in Mexico than north of the border.