Multinational contractors are able to set up shop and hire in big numbers but their is no Latin American equivalent to finding a a single person in Manila to work for you from home. There’s a huge amount of untapped talent there that is so far inaccessible. Time zones matter!
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Pic Translation: 4.1M SMBs make up for 42% of Mexico's GDP and 78% of the jobs. But only 23% of them have access to commercial banking services.
I would think that a ton of these are retail or small scale service businesses. Mexicans are famous for not trusting banking in the USA. They always carry cash.
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In the Philippines one of the big motivators for wfh is traffic. Don’t know if there’s anything going on like that with Mexico. I don’t know the country and don’t take offense to this but could drug violence be a driver for work at home in some cities?
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Traffic is becoming a bigger issue. Labor laws are somewhat ambiguous in regards to WFH so that's a huge con for it since most companies try to get away with considering WFH as gig workers and not employees.
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