Mexico has labor laws that specify a daily (rather than hourly) minimum wage. In 2018, the daily minimum wage in Mexico was about 103 pesos per day, and the exchange rate between Mexican pesos and U.S. dollars was about 20 pesos per dollar.

a. In 2018, what was the Mexican minimum daily wage in terms of dollars?

b. Given that Mexican employees typically work 8-hour days, about how much per hour is the Mexican minimum wage in terms of U.S. dollars?

c. In 2018, the federal minimum wage in the United States was $7.25 per hour. How many times larger was the hourly U.S. federal minimum wage than the hourly Mexican minimum wage?

d. If unskilled workers have a tendency to migrate to where they can obtain the highest compensation for their labor, which country is more likely to receive low-skilled immigrants?