Japan auto companies triple Mexican pay rather than move to US
1–10 of 121 posts
Re: Japan auto companies triple Mexican pay rather than move to US
#2Sounds like a boon for Mexico, good for them. I guess it's kind of satisfying to see these policies have the opposite of the intended effect.
Re: Japan auto companies triple Mexican pay rather than move to US
#3The article is making it sound like some kind of backfire, and I'm not really sure why. It's gotta be good in the long run for US auto workers if their competitors' wages triple.
Re: Japan auto companies triple Mexican pay rather than move to US
#4Sounds like a boon for Mexico, good for them. I guess it's kind of satisfying to see these policies have the opposite of the intended effect.
Even triple the pay they are making $16 dollars/hour which is less than whatever an american auto worker is going to make.
Re: Japan auto companies triple Mexican pay rather than move to US
#5If the US eliminated minimum wage, those jobs would have came here at the same rate.
Re: Japan auto companies triple Mexican pay rather than move to US
#6Wow, this should at least provide for some very interesting natural sociological experiments. For context, I make less than this as a software developer in Chile, and still have no problems saving and living a comfortable lifestyle. This is going to significantly impact the lives of folks working in these factories, and it will be interesting to see how it will affect the individuals, their communities, and the quality and competitiveness of the factories.
Re: Japan auto companies triple Mexican pay rather than move to US
#7Sounds like a boon for Mexico, good for them. I guess it's kind of satisfying to see these policies have the opposite of the intended effect.
Even triple the pay they are making $16 dollars/hour which is less than whatever an american auto worker is going to make.
Mexican workers get a dramatic quality of life improvement. US workers don't have to work for less than market value / cost of living prices. Tens of thousands of US people continue to get cheap cars. Sounds like a great deal.
Re: Japan auto companies triple Mexican pay rather than move to US
#8Earlier quoted context omitted.
Even triple the pay they are making $16 dollars/hour which is less than whatever an american auto worker is going to make.
Mexican workers get a dramatic quality of life improvement. US workers don't have to work for less than market value / cost of living prices. Tens of thousands of US people continue to get cheap cars. Sounds like a great deal.
Exporting working class jobs from a higher cost of living area to a lower cost of living area is on the whole a loss for the vast majority of people who are not wealthy and a gain for those who are wealthy. It’s a blatant wealth transfer from the masses to the wealthy few. So Americans get cheaper cars but no way to pay for them, and wealthy Americans get record levels of wealth.
Globalism is a sham and it’s surprising to still see someone parrot its hollow logic that only makes sense if you look at it in the short term and on a small scale instead of as a long term society-wide trend.
Re: Japan auto companies triple Mexican pay rather than move to US
#9Earlier quoted context omitted.
Even triple the pay they are making $16 dollars/hour which is less than whatever an american auto worker is going to make.
Mexican workers get a dramatic quality of life improvement. US workers don't have to work for less than market value / cost of living prices. Tens of thousands of US people continue to get cheap cars. Sounds like a great deal.
And a ton of Japanese cars are made in the US already, as well. My wife's Subaru, for example, is made in Indiana. That's part of the reason why we chose to buy a Subaru, in fact. A lot of "US" cars, in contrast, are not made in the US.
Re: Japan auto companies triple Mexican pay rather than move to US
#10Obviously, nobody is going to move a state of the art facility that cost billions just because their labor costs went from 'nothing' to 'almost nothing.'
What it will do is prevent more things from leaving the US to go to Mexico.
Me being a cynic, I'm fully expecting the employees will have to return some of that cash via forced employee dormitories and such, but we'll see.