Re:What Does Evergrande Meltdown Mean for China?
by beerandt on Thursday September 23, 2021 @12:23PM
(#28631348)
There's something to that, in that even among successful Mexican immigrants, there seems to be a (relative) lack of leveraging that success into establishing businesses, or other investments that require long-term commitment.
Whether it's because of proximity, that so many come without family and/or plan on eventually returning home, or the related effect of so much of earnings getting sent back to Mexico every month, but there is definitely a cultural difference of some sort at play.
Re:What Does Evergrande Meltdown Mean for China?
by lotsofpulp on Thursday September 23, 2021 @11:18AM
(#28630415)
That is impossible to believe considering you can go to almost every corner of the US and see Mexicans and other people of Hispanic or Latin American origin working in hard, manual labor roles.
Re:What Does Evergrande Meltdown Mean for China?
by keyboardCowBoy on Thursday September 23, 2021 @12:41PM
(#28631618)
Maybe they are hard working as they have no choice. Majority of Mexicans work odd jobs. The auto factories there have huge training centers because of extremely high turn over.
Re:What Does Evergrande Meltdown Mean for China?
by aerostable_slug on Thursday September 23, 2021 @01:23PM
(#28632262)
Also due to a shoddy educational system and the fact that many drop out of school to work.
One interesting theory I heard about the entire Latin world (explaining why it tends to be poor) is that the old Spanish empire was deliberately modeled to be an extension of aristocratic Roman empire. The problem that this causes is too much power in the hands of aristocrats, with not enough space left for risk-taking entrepreneurs. To the degree that this is true (I'm not sure..), longstanding contact with the US may moderate it in Mexico in particular. Here is a video about it:
https://www.youtube.com/watch?v=efz4Aket2ao