Wow, mandating a 5X increase in auto wages in Mexico is nuts.
It’s nuts only if you want American workers to lose jobs to Mexicans working for dirt wages
You don’t jump wages 5X by government mandate, especially when a foreign nation (the US in this case) forces it on you. Maybe grow into 5X over 10 years. But the dislocations of 5X in a single shot will be staggering and impossible to predict. This is terrible policy...but it IS government at work.
Exactly. This measure encourages auto manufacturers to stay in the USA and puts us on an even playing field. Whether it creates some uneven wage stress in Mexico is for the Mexican negotiators to have considered.