Posted on: March 9th, 2008
Filed Under: [ Business ] [ Hispanic News ] [ Tomás' Picks ] [ Blogante Business ]
Tags: latin america, parents, remittance, remittances
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The end of the housing boom has signaled a bust in construction jobs, a field in which about 28 percent of workers are foreign-born, according to the U.S. Bureau of Labour Statistics.
Since some of these wages are sent back home to support families, already the effects are being felt abroad, especially in Latin America, whose nationals are heavily represented in construction. Latin American and the Caribbean received 60 billion dollars in remittances from nationals abroad in 2007, according to World Bank statistics.
Gerardo, for example, stills sends his parents money regularly, even though he hasn’t seen them in 10 years. “*
*From: http://www.ipsnews.net
Traducido: usando Google o Altavista/Babel Fish
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