Undeterred by American TV anchors reporting on Armageddon south of the border -and despite what Anderson Cooper wants you to believe— U.S. manufacturers are flocking to Mexico in search of some extra dinerito. (Even when things are so messed up that BusinessWeek is using rifles to spell out the name of the country!)
According to the April 20th issue of BusinessWeek big business is standing its ground for one simple reason:
“Manufacturers have good reason to hang tough. The 41% drop in the peso against the dollar since August has made Mexico an even cheaper place to manufacture: Factory workers in Juárez can be hired for $1.50 an hour.”
$1.50 an hour!?? Good lord! That’s not even enough to get you a spicy Whopper across the border. Crap!