Labor costs in the manufacturing sector is cheaper in Mexico than other countries especially China. Major US firms have significant operations in the country due to the geographical proximity to the US and abundant and well-experienced workforce. I have written about the cost competitiveness of the Mexican labor market in the past before which you …
Continue reading ‘Manufacturing Labor Costs in Mexico vs. China’ »
In an article last last year I discussed the average hourly wage rate for auto workers in select countries. I wrote “Mexicans working at the auto factories get between $1 an hour to $ 3 an hour. Mexico’s minimum wage is 73 pesos or $4 a day. Hence auto workers earn much more than the prevailing …
Continue reading ‘Auto Workers in Mexico Earn Less Than Those in China’ »
Mexico is one of the three important trading partners of USA. The Southern neighbor is not only a major exporter of goods to the US market, but the U.S. also exports a substantial amount of goods to Mexico. The following table shows the major trade partners of the US: Click to enlarge Source: A Seaworthy Mexico …
Continue reading ‘On The Bilateral Trade Between USA and Mexico’ »
Mexico is one of the largest emerging markets. Due to its close proximity to the US, the Mexico plays a critical role in the US economy and politics than other markets like Russia, India, China, etc. The Manufacturing industry is the largest industry in Mexico. Some of the other facts about the Mexican economy is shown …