Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Bank Holding Company who wrote (172530)	12/19/2008 10:58:18 AM
From: WillieTee	Read Replies (6) \| Respond to of 306849

"At around $3 an hour, the average Mexican wage is less than one-eighth of those in the U.S.’s $25.34 and one-seventh of Canada’s $21.38, according to Sergio Ornelas, the president of industrial park operator Intermex" At what rate does the US wage have to fall to to keep those Americans working? I am not being flippant, the difference in wages does not reflect any particular skill set, just geography. I would be interested in seeing how productivity is measured between the US and the Mexican workers. This is not just a car problem, but a total industrial problem for the US. Why should a guy in Detroit be paid 8 times as much as a guy in Mexico for doing the same job? Or are we going to solve the problem by tariffs? Until we accept that we are overpaid for our labor, this issue will resurface over and over.