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Study:Mexican wages fall below Chinese levels
| Associated Press
Posted on 04/05/2013 4:56:30 PM PDT by mdittmar
MEXICO CITY (AP) Mexico is looking to penetrate the Chinese market after a new report suggested that Mexican labor costs have fallen below those of China.
President Enrique Pena Nieto visited Hong Kong on Friday, and said "I am convinced that Mexican products should take advantage of the dynamism of China's markets."
Just a decade ago, Mexico's prospect of exporting much to China seemed distant. Mexican average labor costs were then almost double China's.
But a report by a chief economist for Bank of America Merrill Lynch this week estimated that Mexico's labor costs are now 19.6 percent lower than China's.
(Excerpt) Read more at news.yahoo.com ...
TOPICS: Mexico; News/Current Events
Mexico will need workers if they want to take on China.
posted on 04/05/2013 4:56:30 PM PDT
I thought the Mexican workforce was always going to be a little pricier.
The Mexican workforce needs rice and beans.
The Chinese only need rice.
Wasn’t NAFTA going to push Mexican wages up?
posted on 04/05/2013 5:01:17 PM PDT
(REMEMBER THE RIVER RAISIN!)
I’m willing to run a half-million Mexican nationals through Camp Pendleton infantry training and send each one back to Mexico with one M-16 and enough ammo and rope to kill every Mexican political pig dead, including the drug cartels.
posted on 04/05/2013 5:05:33 PM PDT
(No, I don't have links for everything I post)
Mexican wages have gone up considerably. Chinese wages have gone up more. Both are doing better than the US economically.
The Unions are descending on Mexico as we speak.
They will stop those jobs.
posted on 04/05/2013 5:09:30 PM PDT
NAFTA is just the EU for Americans.
posted on 04/05/2013 5:38:30 PM PDT
(GOP = Greenlighting Obama's Programs)
Mexico's economy is doing well. They could get some jobs from China, and they are reforming their energy sector. They will be getting into the fracking business soon. There could be a drop in immigrants, with many leaving that are already here.
This is good news for both the US and Mexico, as it puts us on a more even ground, and our relations will not be as strained. I don't think there is any need to cave on immigration now, as the tide will be visibly turning soon.
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posted on 04/05/2013 5:54:04 PM PDT
(May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
Oh, look! Another victory for “free trade!”
posted on 04/06/2013 7:36:57 AM PDT
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