Several recent studies show that Mexico is becoming more competitive than China as far as labor cost is concerned. Ten years ago, Mexican wages were still 3 times higher than in China in the manufacturing industry. Now, the trend has reversed and, if confirmed, in 2015, labor cost will be 30 percent higher in China. At the same time, Mexican employers point to a recent decline in the employment market. (Ref. 130483)
Chinese workers are 20 percent, soon 30 percent more expensive than Mexican workers. While pay keeps increasing in China, it is at a standstill in the Aztec nation. Several studies carried out by American financial organizations agree on one thing: the 2nd largest economic power in Latin American is now more competitive than China – in this respect. The gap between pay in both countries in the manufacturing industry has been filled: 10 years ago, it was three times (318 percent) more expensi
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