Re:Japan auto companies triple Mexican pay rather than move ...
by mbrodersen on Saturday July 04, 2020 @01:42AM
(#23730397)
GDP is completely useless as an indicator of anything important. Sell the same house 10 times and it will contribute to the GDP 10 times. However it is the same house. Nothing has changed. Nothing of value has been added.
Re:Japan auto companies triple Mexican pay rather than move ...
by ta17711771 on Saturday July 04, 2020 @02:09AM
(#23730494)
Real estate agents hate him!
In GDP per capita Mexico ranks in front of 120 other nations, including: China, Turkey, Brazil, Argentina, Thailand, and just behind Russia. US imports are 1/3 of their economy; we're running a $100 billion trade deficit with Mexico, which is to their benefit. As an American I'm happy that we're doing that, it's to our benefit that Mexico's economy advances. It has the 15th largest economy in the world and continues to gradually climb. That's despite the intense domestic chaos they've been dealing with there the past ~13 years. As a developing nation their long-term economic potential is immense.