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Strategies & Market Trends : Currents of Currency

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From: Ahda	12/6/2016 10:27:36 AM
	of 594

he CEO of United Technologies just let slip an unintended consequence of the Trump-Carrier jobs deal Matt Turner Business InsiderDecember 5, 2016 GREG HAYES: So what's good about Mexico? We have a very talented workforce in Mexico. Wages are obviously significantly lower. About 80% lower on average. But absenteeism runs about 1%. Turnover runs about 2%. Very, very dedicated workforce. finance.yahoo.com Inflation target by US Fed of 2% is equivalent to 20 inflation in 10 years etc Pensions funds have their work set out before them. Like it or not wages have more impact on the bottom line than anything else so I suppose that 80%less also means you can hire eighty more people for the price of one USA worker. The problem is complex and it not easy to solve but it has to be solved for USA people long term.

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