By way of an example, Labor Reform has made it easier for women and young people to join the labor market.
The Let’s Grow Together strategy provides support and incentives to those who choose to join the formal sector.
According to figures from the Mexican Social Security Institute (IMSS), between September 2014 and September 2015, 728,896 jobs were created, representing an annual growth rate of 4.2%.
Furthermore, according to INEGI, informality rates have declined. The Labor Informality Rate has fallen by 2.7 percentage points, from 60.1% in November 2012 to 57.4% in August 2015.
Formality entails enormous benefits, such as retirement savings, access to doctors, medicines and hospitals in the event of disease; and access to a daycare center where their children will be looked after.