Mexico’s auto unions agree to slash wages (The Charlotte Observer)
Mexican auto unions are taking a cue from U.S. labor leaders by offering two-tier hiring schemes and salary cuts that bring low wages down to Chinese levels. As more automakers turn to Mexico, a big argument for the North American Free Trade Agreement in 1993 – that Mexico’s low wage rates would slowly rise to close the gap with U.S. wages – seems to have been thrown in reverse. “The …
Original post by Yahoo! News Search Results for Mexico
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