I think Jsus is right. The new raise, which is a 10% increase, will offset the overall gain GM made by building there. Sure, it's marginal, but as inflation continues and new contracts are voted on that marginal difference may become substantial in future years. Think long term. Its in the same vein as the loss of American textile manufacturing in the 1970's and 1980's and the subsequent loss of the new manufacturing locales in favor of even less expensive areas... from the US to the Domincan Republic then Hondouras then Turkey then China. Not quite but maybe similar.So a Mexican worker is going to get a raise and make in a entire day what a US worker makes in an hour and that’s supposed to make that US worker more competitive? Lol an article like that could only be printed in a Union publication.
I thought the article was written decently enough. I have no idea what the bias of the reporter or newspaper is but again thought it was decent. Opened my eyes when I read about the labor rate.
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