It is no secret that the wage gap between Mexico and China has been narrowing in recent years. While labour costs in Mexico were roughly 200 per cent higher than China’s a decade ago, wage inflation in China and wage stagnation in Mexico have combined to close the gap to nearly zero. <link http: blogs.ft.com beyond-brics made-in-mexico-now-cheaper-than-china _blank external-link-new-window external link in new>
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Source: beyondbrics
