In 2007, manufacturing workers in the United States earned average compensation of $30.56 per hour. That same
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In 2007, manufacturing workers in the United States earned average compensation of $30.56 per hour. That same year, manufacturing workers in Mexico earned average compensation of $3.91 per hour. How can U.S. manufacturers possibly compete? Why isn’t all manufacturing done in Mexico and other low-wage countries?
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The competitiveness of US manufacturers in the face of lowerwage countries like Mexico involves multiple factors beyond just hourly compensation Here ...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9780077337728
19th Edition
Authors: Campbell Mcconnell, Stanley Brue, Sean Flynn, Flynn Mcconnell Brue
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