On Friday, the Wall Street Journal shared the news that “Mexico already last year became a less expensive place than China to make some products” and that the “competitive edge over China … is set to keep growing.” Here’s the beginning of the article:
Mexico’s competitive edge over China in some types of manufacturing is set to keep growing.
That’s the assessment of the Boston Consulting Group, which in a new report estimates Mexican factory wages will be nearly 30% lower than China’s by 2015, when adjusted for productivity differences. Mexican workers typically produce more per hour than their Chinese counterparts. By that same measure, Mexico already last year became a less expensive place than China to make some products, according to BCG’s estimates.
So, what does this mean?
Well, among other things, a growing economy and investment opportunities. My advice; invest in Mexico, open a business in Mexico, buy property in Mexico.
Read the entire WSJ article here.
-by Thomas Lloyd
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