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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (5726)	5/1/2018 11:10:12 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26439

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To: robert b furman who wrote (5726)	5/1/2018 12:54:49 PM
From: Jerome	Read Replies (1) \| Respond to of 26439

Hi Bob, Free trade must be fair trade! This is much easier said than done. Beauty is in the eye of the beholder In the past week I have read that one solution to NAFTA is to get the Mexican Government to raise the minimum wage. Reduce the differential in wages, and the problem becomes less. There would be less incentive for auto companies to locate in Mexico. But that would create a different problem in terms of migration from Central America. The migrants wanting a better lifestyle would be inclined to stay in Mexico rather than go North to the US. Canada.... Because Canada has national health care built into the job, and the US has health care built into the wage scale the differential is less.Keep in mind that about 1955 the big three auto companies agreed to build a specified percentage of vehicles in Canada. In exchange for this agreement, vehicles go tariff free to Canada and the US, no matter where they are built. You may have noticed that Canadian banks pay higher interest rates than US banks. This is to keep money in Canada from migrating to the US. All of this seems simple, but there are a lot of financial implications for American companies. Consider it this way...when a married couple gets divorced, one party offers the other party "a fair settlement" that the other party views as outrageous. Almost like free trade.