No, I'm just being cautious and playing devil's advocate. I'd like to see a win-win deal and it's not clear that Mexico will win anything. It could be
the result is fewer auto jobs in Mexico, and a low paid job is better than no job.
It's true Mexican auto workers are underpaid but, IMHO, doubling the wages or whatever over a period of time, say 5 years, would be less disruptive.
If you go back to last spring when including a Mexican wage floor in NAFTA was first discussed you'll see that that Mexican government was against it.
Pena Nieto caved. Don't know why, but I'd guess because he wanted the deal before AMLO takes over.
What's going to happen when the guy working in the electronics factory is making 1/2 of what his buddy working in the auto plant makes and they both
do essentially the same type of work?
[Edited on 8-28-2018 by SFandH] |