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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 ...
The Mexican workforce needs rice and beans.
The Chinese only need rice.
Wasn’t NAFTA going to push Mexican wages up?
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.
Mexican wages have gone up considerably. Chinese wages have gone up more. Both are doing better than the US economically.
They will stop those jobs.
NAFTA is just the EU for Americans.
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.
Oh, look! Another victory for “free trade!”
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