At General Motors plants in Mexico, the average worker earns less than $4 an hour in pay and benefits — compared with more than $50 in the United States, according to company figures. It is a wage disparity with sobering implications for the long-term prospects of the U.S. auto recovery. It is a wage disparity with sobering implications for the long-term prospects of the U.S. auto recovery. After World War II, the auto industry lifted millions of Americans into the ranks of the middle class, as blue-collar workers bought cars, made cars, and bought more cars, spinning forward a virtuous cycle of growth and development that spread prosperity across the Midwest and beyond. Mexico’s auto industry today is just as essential to the emergence of the country’s middle class. The latest demographic research shows that Mexico is crossing a critical threshold, as its middle class — about 53 percent of the population — becomes a majority.
Posted on: Thu, 26 Sep 2013 04:46:02 +0000
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