this may actually fix the border situation, more factories and industries in mexico means people can work there, less likely to risk their life to cross the border
Those are not Mexicans They are from Honduras Nicaragua Venezuela Haiti and other countries They can't reach USA before reaching Mexico first Until living standards in their original countries improve they won't stop coming although Mexico will absorb so many of them so less numbers will try to get to USA
Only the American business tycoons are making the actual profit. Until Mexicans own their own manufacturing companies themselves, Mexicans will just be providing cheap labor for American consumers. Still no job opportunities for the Americans. China, on the other hand, have enough people who consume their own products. Note the difference.
@@dulgutierrez6656 as Mexican my self I can assure you it's as true as it sounds you gotta leave to become a foreigner in your own country in order to succeed in Mexico. I know hard work pays off, I'm not saying it is not possible yet if you're not connected and have the means it's very hard to succeed. When you see people from other countries going to your country for vacations and your people can't enjoy the country as foreigners do, let it be known I'm not complaining just pointing ☝️ that.
Many of us have always wished Mexico was just as affluent as USA, instead of drama, violence. We don't care about its loose morals, it's the perception of violence and lack of safety that sucks
Ship jobs to Mexico? USA have been hollow out long ago so there isn’t any thing to ship out except ship in. Industries inside Mexico many are own by China! hahahahaha
True as long as we the Americans are willing to pay more . If we think workers will get a fair paying jobs . I don’t think so corruption is a huge problem in Mexico
Plus the cultures are more similar. México is after all a western country and you will have no difficulty finding people who speak english in big cities. Which means that making business is easier
From 1984-1994 when I lived near Memphis, my neighbor worked for MS Carriers and her only job was scheduling the tractor trailers to and from Mexico for Chrysler auto parts. Our relationship with Mexico is vital for our economy. I hope we continue to work together. It’s great to hear that Mexico is doing well. It wasn’t that way when I lived in Brownsville TX in the early 60’s.
I'm disappointed that the environmental benefits weren't brought up. Mexico actually has, and more importantly enforces, environmental regulations on industry. The lower cost of shipping from Mexico to the US versus shipping from China to the US was mentioned, but that also translates to less fuel required to ship those products as well.
Most of the component parts, raw materials, and even finished products for assembly, come into Mexico from China and to some extent America and Canada.
imagine one day where all that captial that flowed to china went to mexico instead, a day where the cartels no longer having as much sway over the people due to new economic opportunities, that would be great for north america
@@kabysummit5801 am I supposed to have a Guatemalan perspective or maybe a Singaporean perspective? Where are you from? is your perspective from Antarctica?
My father lives in Mexico in Nuevo leon and works for a Korean company that makes seats dashboards and many other things for Kia and other car companies.. nuevo leon is growing so fast commercially that their current water system can't hold the capacity to supply water to everyone accordingly... so right now they have black out days for each surrounding city in nuevo leon
Our Granddaughter’s public school in San Diego beginning in Kindergarten 12 years split the school being taught four hours in English, and four hours in Spanish. All graduates in 6th grade were bilingual! We celebrate the future!
@@jordanrosenberg9816 Absolutely. And you don’t have to opt out of the Public School system, for those that can’t afford it. You can choose the school that emphasizes the area you’re interested in.
McAllen, Texas, another Mexico border crossing, has had Chinese restaurants for years! NAFTA brought many Korean companies. The executives live in the US in Texas and the restaurants spring up. I was a pastor in McAllen and we had a Japanese school for Japanese children to learn about Japan. The Asians have been in Mexico and Texas since the 1990s.
Just make sure some of these Asians do NOT have ties with the government of China like what is happening in Canada with accusations of election fraud involving China
Most Mexican products exported to the U.S use many American products in their production process. Whether they be raw goods, oils, chemicals, metals, textiles, plastics, tech services etc, as well as the machines that make them. It's only common sense that we strengthen that bond, for the good of both countries.
We should then show more respect for the people of Mexico than many in our country do. The border games we play with people south of the border are rather disgusting. We have to return to humane behavior and stop this them vs. us mentality.
The shift from "Made in China" to "Made in Mexico" is a result of several factors. Rising labor costs in China have led some companies to seek alternatives with competitive manufacturing capabilities. Mexico's strategic location, proximity to the United States, and favorable trade agreements like the USMCA make it an attractive option. The shorter supply chains from Mexico to the U.S. reduce shipping times and costs. Additionally, Mexico offers skilled labor, particularly in industries like automotive and electronics, and has improved its infrastructure and business environment. This shift is part of a broader trend of companies diversifying their production bases to mitigate risks and enhance efficiency, but it's important to note that both China and Mexico have unique strengths that contribute to their roles in global manufacturing. Thanks, New York Times Podcasts!
I work for a company that makes machines that inspect circuit boards and a large number of our customers are moving from the US to Mexico. Everything from defense to auto industries.
Soon china will sell the same products better in quality and much cheaper price because China produces for the world while the rest only sell to only a certain countries.
We are doing that right now. American companies are moving back to the United States. Companies are setting up in Texas and Mexico. Right now Mexico economy larger then all of Central Europe.
@@pottertheavenger1363 in reality, this is a false dichotomy. Plenty of people don't make much, but aren't drowning in debt. It really comes down to the choices you make, cause companies only provide what people want.
I think it's better that it's Made in Mexico. For starters... everything made can be "trucked" in through the US-Mexican border. Another is that because it's all in North America.... There's gonna be more US Companies formed and listed in the US Stock Exchanges by emerging CEOs or Founders of these valuable stock corporations. NAFTA will finally be NAFTA because Mexican Entrepreneurs can legally participate and grow Mexican Corporations just like as if it was Canadian or American. It's a good beginning post Pandemic COVID-19....
It's has started 8yrs ago when American automotive brands decided to move their plants to Mexico maybe its one of the reason why China is losing its customers abroad
I have no problem with that. I'd rather our neighbors to the south making that money. Mexico is family to the US. I'm all American but viva la Mexico baby . A stronger Mexico will be beneficial for America. Why are we making China a super power? I'd rather we help Mexico and it's people wealthy. That would be a beautiful thing. They need to be Mexican owned .
US has an $800-billion war budget, 800 military bases . US troops, God bless their souls, will continue sitting in their bases, scratching their balls, costing their government $800 billion a year to do nothing. Meanwhile, China will continue to actually develop : Few days ago, Tesla's boss went to China again ==> $ !
Should never have sent American manufacturing jobs to China in the first place. Should have sent them to Mexico and South America instead. Would have helped the economies of all the regions in North America, Mexico, and South America.
Simplemente coloque una nueva pegatina encima de la vieja pegatina hecha en China, o vuelva a empaquetar los productos de China en un empaque hecho en México, de repente se convierte en un producto hecho en México.Es realmente brillante! 🤣😂
YES!!!! Please!!! Stop buying stuff from China and start helping Mexico by investing and buying from them! We need stronger relations with Mexico, they are our neighbors and we can help build eachother up and keep eachother safe.
Hey New York Times, I have news for you; many products sold in the U.S. are already manufactured in Mexico, like CARS, MOTORCYCLES, BICYCLES, HOME APPLIANCES, ELECTRONICS, TOOLS, MACHINERY AND EQUIPMENT, MEDICAL EQUIPMENT, CLOTHING, KITCHEN UTENSILS, PRINTERS, COMPUTERS, FURNITURE, EVEN PARTS FOR THE AERONAUTICAL AND DEFENSE INDUSTRY, etc. etc. And it's been like this for DECADES, now it could be even be in a larger scale, but it's not a new development...
Bringing foreign companies to mexico only means one thing. A more polluted country with fewer resources available for real Mexican companies. It also means ridiculously salaries for mexicans. It also means less clean water available. They just drain a giving country out of its resources while paying miserable wages.
Yep. Min wage labor for most, but Jobs are jobs, and it's hard to find them in Mexico. Local or national companies don't build enough to employ the masses, they've had the time and opportunity to do so, but nah. Have done nothing.
The biggest question for me, is where is the intellectual property going? If it’s made in Mexico, but the tech belongs to the CCP, that’s still a problem.
If you are poor, intellectual property is no longer a considerations. Advance Micro chips and related products will be another products China will definitely dominate very soon. China have all the key necessities that non had. the money, the people, the market and most important the resilience to innovate.
Esta bien q se generen trabajos, pero los mexicanos deberian buscar hacer sus propios negocios, no ser unicamente mano de obra, ahora creo q los empresas se deverian de repartir por centro america tambien de esta forma se evitaria la migracion de esto lugares..
Logisticamente hablando no es tan facil. Centroamerica no tiene para donde ir, solo por Mar. Por terrain estan muy lejos de la Frontera. Alla abajo estan bien jodidos. :/
The reality is that the US will not allow for China's manufacturing to have a significant presence in North America. Though Mexico will have a great attraction for international manufacturing, North America will manufacture for North America, creating a stronger union. China will probably have more success in other Asian countries while still shipping to the US.
Lower labor costs. Rectifying. NAFTA might be good for the US and Mexico. For Canada and the rest of Latin America is awful. LATAM countries ought to get ought from under Mexico’s bilateral trade agreements. They are decimating any decent value added manufacturing while deferring it to Mexico.
They are ahead of it because they know what is coming. China knows how to capitalize on the failure of others, they also can move very quickly and maximize on efficiency. Also their internal philosophy on cooperative technology rather then a competitive technological perspective, gives them a huge advantage and it always will. The borders will come down one way or another, learn to adapt or die.
I always told my friends that US should’ve done factories in Mexico and Central America. Workers are cheaper and even if they not as cheap as China workers US is still saving more doe to cheeping cost. It’s way cheaper to move merchandise from Mex and Central America to US then it is from China to US. This will also control the high illegal migrants from coming since there will be such a high demand for workers in this countries and this countries governments will be benefiting financially from this making it possible for the US to keep using this lands for their factories, is a win-win situation for everyone. In stead they gave all manufacturers jobs to China creating a big economical monster they can’t stop, not considering that by working with Latin America would’ve been a better deal in the long run. But the US don’t like to walk by the hand of Latin American countries. They see them as a problem to solve while China sees them as opportunities. That’s the reason countries are switching to China.
China made factories and proved their value to US companies. The US didn't go make factories in China. Had Mexico done the same, the business would have gone to Mexico.
Why did it take a pandemic for the US to realize both the economic potential and societal prosperity of its border sharing neighbor? I feel the US took Mexico for granted. They saw China as a potential foe, so they wanted to sow the seeds of friendship. They didn't have to worry about Mexico, even as they were suffering from insane corruption, cartels, and being a conduit for illegal immigration. As long as they were a "democracy", the US was OK with it.
USA took Mexico for granted & didn’t worry abt its problems? Guess you forgot abt the BILLIONS in funding & equipment/weapons, as well as law enforcement training & support. DECADES of direct assistance to combat cartels & drug trafficking. But you said it -- ‘insane’ corruption 🤷
We would buy stuff Made in Mexico anytime! Higher quality in craftmanship , lower carbon footprint if transported to the north into the USA & more confident of Intellectual Property being protected & not having to worry about politically motivated supply chain interruptions! And opening up Mega Factories in Mexico also can help provide higher value jobs to the Latin American Citizens! 🕯🌎🕊
I've said this you a long time. Remove outsourced companies and jobs from Chyna, Vietnam etc and bring them back not only to the USA, but also to Mexico. Why? Because it will give incentive to give citizens of Mexico the opportunities granted they are given human rights and a living wage for that country and also work to prevent cartel growth and activity! It also makes sense to that we have strong relations with our neighbors. DUH
@@NobleWolf33 we don't have those here. my laptop was made in china and so was my mini desktop. the laptop is HP and the desktop is Intel. All my Amazon Alexas were made in China.
It’s because China cost had went up allot so they relocate to countries that had a lower labour cost so the industries you talk about many are own by China. You just can’t escape China grip, so learnt to live with it.
We have a looong way to go before Mexicans no longer are tempted to cross the border. There are still so many sectors where the wage differential is 10 to 1. It's like a fast food worker in the USA trading in an $18/hour job for one in Canada paying $180/hour. The Mexican economy is 20 times smaller than the US economy and is barely growing and often falls into recession. Population growth has slowed but will continue to grow until mid century. And now the country has an anti capitalist president. This is not a recipe for a country that will soon have high wages.
"anti capitalist president"... .no, just a president that is investing on the country, for the people, and eliminating corruption, the old school politicians that robed empty the country for decades.
Mexico does not have an anti-capitalist president. Making enormous companies like Wal-Mart and Coca-Cola pay backed taxes is not anti-capitalist. President AMLO has one of the highest approval ratings in the world, we're becoming energy independent, and we have record foreign investment.
The current Mexican president has actually done alot and I’m surprised American propaganda has not informed Americans about Mexico’s mega projects that will boost its economy. Just the same usually cartel this cartel that .
It’s amazing to witness the ignorance of some people! Many of them believe Mexico is all that extension of land south of the border that isn’t the US. By your logic I’ll assume Venezuelans, Nicaraguans, Hondurans, Guatemalans, Colombians, Argentinians,etc,etc Are Mexicans right?🤦🏻♂️
Mexico is going to be the next big boom. I plan to go there as well for business. There is so much opportunity down there you just don't have in the states. And you also don't have to worry about your factory nor your business getting BLM'ed down there. Same thing in other parts of the world. It may not be the best place to drink the municipal water. But it's a great place for business.
This guy is talking about China making products for itself while citing its GDP which is a bunk statistic. If he cites China's GDP per Capita, he'd be closer to the truth, and THAT statistic is abyssmal for China. The average Chinese is STILL poor and unable to afford the various products they're being expected to buy. There's another "Peter" that they should have consulted named Zeihan, and he IS predicting the end of Globalization. Not of international trade, but the system in which products are assembled from inputs literally coming from all over the globe. The guy is correct where he describes Regionalization replacing Globalization. The US was literally always exactly that with the ease of transport within the continental scale of the country, and just expanded further with the inclusion of NAFTA, as was alluded to in the video. Various auto makers already have supply chains running through Mexico where differing components are manufactured in both Mexico and the US. China's time as THE Global manufacturer is pretty much done, and it's not coming back. They may continue to manufacture some things for as long as they're able, but China has several crisis it's facing beyond just the loss of manufacturing.
@@Seastallion look up China trade surplus. 2022 China trade surplus is +$848 billions. 2022 U.S trade deficit is -$950 billions China is the world largest trading partner in the world. China produce 4x STEM engineers than in the U.S China is the largest economy in the world if you count GDP in PPP. Why do you think Saudi Arabia want to trade oil for yuan? Or Brazil trade with China in yuan? Why do you think Apple, Tesla, BlackRock all kowtow to the Communist China but not India or Russia?
@@sojrnrr8368 Still waiting for an explanation about how China is surpassing the US. China is actually in serious trouble facing a plethora of cataclysmic problems, each of which by themselves could crush China, never mind all at once. 1) Demographic collapse. Thanks to China's One Child Policy and rapid Industrialization combined with the hollowing out of its rural areas, China is the fastest aging population in the world. The average Chinese is already older than the average American. China has already admitted to over counting their population by at least over 100 hundred million people, all in the younger age groups. In the not too distant future every young worker left in China will be supporting several retired aged people each. China is no longer the cheapest labor in the world. 2) Economy shrinking. Companies have been leaving China in droves. People have been returning home to their rural areas because they can't find jobs, while other people have been sleeping on the streets because they can't find work to afford a place to stay. That is aside from a widespread lethargy among their young working age people having an attitude expressed as "let it rot". In addition, because of China's Zero Covid Policy, they are now suffering through the worst of the pandemic as the rest of the world is already through the worst of it. Also due to Covid, countries are pulling back manufacturing closer to home which again leaves China hanging. 3) Energy Shortage. China imports upwards of 75% of its oil, and is heavily reliant upon shipments from the Middle East. At a time of global energy shortages, China is at the end of a very long supply chain that could easily be disrupted by many potential groups along the way, including India which China has several border skirmishes with in the recent past. China's domestic Coal mines have been suffering from flooding, which hasn't been helpful. 4) Food Shortages. China has had a massive loss of pigs in the millions due to Swine Flu, which is the predominant meat in China. They've been trying to rebuild the herds, but it hasn't been going well. China has hoarded most of the Global Reserves of Corn, Rice, and Wheat more than 50% of each. At the same time China has banned the export of Fertilizers because of the domestic food shortages. 5) Water Shortages. China has had chronic water shortages, despite massive infrastructure projects in attempts to address the problem. It is made worse with the severe environmental damage making much of China's water so toxic it can't even be used to water crops, never mind drinking. The shortage of usable water makes the next problem truly ironic. 6) Severe Flooding Potential. Rivers in China are in bad shape prone to severe flooding. The Huang He River has flooded multiple times with one of the worst in recorded history killing over 3 million people in 1931. Over the centuries China has built up the banks along the river to try to prevent flooding, and sediment carried down the river has slowly raised the river bed so that it's now above the surrounding plain. If the river spills over its banks, it will flood the plain with nowhere else to go, likely killing millions again. 7) Real estate bubble. China has a real estate housing scam going that makes up 30% of China's entire economy. It has already begun cracking with Evergrande's default on its debt. China had been having massive protests over people losing their life savings, because Real Estate has been the only thing people in China have been allowed to invest in hoping for a profit. This is the source of China's infamous ghost cities, where companies were using investments to build new buildings as well as customers home payments. As a result, the properties aren't being finished, and never will. I could keep going, but I'll stop here. In comparison the US is doing great. The US may be having a relatively bad day, but the fundamentals of US strength are still very sound.
@@Seastallion 1 - 7 haven't stopped China as the global manufacturing superpower. China is expanding worldwide with its BRI network. That's what you got by cherry picking your data. The iphone is still made in China. Get over it.
The poverty in mexico is really bad and nothing has changed or will change. They make 5dlls a day. That is not enough money for a single person more a family. Sad outcome. Polititians have never really lift a decent way of living. Transnationals love cheap labor but at the expense of the people
Extreme poverty fell from over 50% in 1980 to less than 20% by 2022. Nearly half the population still lives in poverty at around 40%, but only half of that has been extreme poverty in recent years. The middle class has also grown to around nearly 40% of the population. The rest upper class and rich. There are many medium sized and small Mexican cities where the middle class has been more visible. Obviously the big cities like Mexico City host world billionaires like Carlos Slim and the CEOs of companies along with Mexican celebrities, but have also hosted the largest slums. Most of those were created from the 1950s-1990 when the country urbanized (moving from the countryside to cities) and had a high birth rate. The birth rate today though has been at replacement level of around 2.1 births/couple. With nearshoring and other developments happening, there has been a lot underway.
This has been going on since NAFTA, VW and Japanese Car plants have been here for a long time. Your Dell computer and HP printer was assembled in Mexico. Chinese companies are looking for a place to move when the Chinese Party cracks down.
The biggest impediment to industrial development in Mexico is the same as in China and that is water. It is not insolvable but requires the kind of ingenious and honest monitoring that is not present in China. Lets hope Mexico will treat its workers better than China or Republicans. Chinese parents don't buy Chinese baby food and that pretty much says everything you want to know. Automation is coming, be kind to your vacuum cleaner.
@@happyinparadise7812 But most of the land is protected, you can't set up huge maquiladoras down there. Even these new subdivisions have to preserve a certain amount of trees and vegetation, can't chop it all down to build those homes. that.
US took industrialization to China ignoring it's neighboring countries now China is in US BACK YARD countries doing what the US didn't do.😢. Too late to be sorry.😮.
They tried that in 90s but found Mexico productivity and work quality was very lacking . Most USA fabric and clothing production went to Mexico first but rapidly to Asia . Asian workers uniquely can do highly accurate work in repetitive jobs with far less fatigue. Why Asia will be the product makers in future too . Many other ripe Asian countries like philippines, SE Asia
The US has an $800-billion war budget, 800 military bases . US troops, God bless their souls, will continue sitting in their bases, scratching their balls, costing their government $800 billion a year to do nothing. Meanwhile, China will continue to actually develop : Few days ago, Tesla's boss went to China again ==> $ !
Good! Those Chinese always cut corners and produce cheap shit. I refuse to buy furniture or anything from Walmart and I’m noticing a lot of made in China clothes are in Costco
Note: Mexican workers work the greatest number of hours per week on the planet, even greater than the workaholic Japonese and Koreans. Look up the statistics on the Internet! The reason is the crappy wages. Look that up too. As a bonus, Mexicans are not planning to go to war with the USA. p.s. I've lived here in Mexico 25+ years - love it/them!
The report is not that accurate. From where are most of the migrants that cross the US - Mexico border? Not Mexico. Close to 80 to 75% come from Central America and South America. In fact there has been a negative influx of Mexican citizens to the US, a good number of Mexican migrants have been returning to Mexico. I think there is a great degree of prejudices and stereotypes in this report. Typical New York Times report of someone who has never left the border zone to visit the country and know it in depth. How you know an US citizen? (says a joke)... ...well, because they only speak one language and drink Coca-Cola (a stereotype that most US citizens might not like), we the rest of the Americans, yes we those who live in Colombia, Chile, México... ...we are Americans, we speak normally two languages, und manchmal mehr als zwei (and sometimes more than two) and we are more open to the world than the so called Americans from the USA.
Western companies have been leaving China since 2008 when Deng Xioaping raised taxes drastically for foreign companies. Plus Chinese worker salaries have risen way past other third world countries like Mexico. With the disruptions in the supply chains during covid, another surge of leaving China occurred. The impetus for Belt and Road by Xi Xinping in 2013 was mainly because western companies were leaving China in droves. China needed alternative markets to keep their manufacturing going. While it will take a few years for western companies to finalize retooling their supply chains, it is happening. It is a big reason for de-dollarization, as the large percentage of their manufacturing is now going to the Global South rather than to the west, there is no need to for China to trade exclusively in dollars with no one in the west actually involved in the trade.
1 Deng Xiaoping died in 1997, it is impossible for him to come out to raise the tax of foreign companies 11 years after his death! 2 Since 2000, foreign capital has been increasing its investment in China, from 38 billion US dollars per year to the current 150 billion US dollars per year. The fastest growth rate of foreign capital investment in China is from 2009 to 2011, and then The growth rate has slowed down as the total investment has been increasing, and post-COVID, foreign capital investment in China has increased again, reaching a record high of US$172.3 billion in 2022. Check the data of the United Nations Economic Organization and other authoritative economic organizations, the facts are completely different from what you imagined. 3 The Belt and Road Initiative does have the effect of de-dollarization, but its essential intention does not lie in the dollar. Of course, going to the US dollar is the dream of many countries. After all, the US dollar must be used for trade between sovereign countries, which is unfair to all sovereign countries. The United States can rely on printing dollars to purchase products and resources that people all over the world have worked so hard to get. Basically, the whole world is a slave of the United States, but now someone is challenging the United States to realize the dreams of the people of the world. When China proposes this initiative, the world The top three-quarters of countries immediately joined the initiative. The only countries that have not joined this initiative are the United States and its political colonies. 4 In fact, China itself is also eliminating low-end manufacturing and labor-intensive industries. To develop and improve people’s living standards, China must produce mid-to-high-end products, improve its position in the industrial chain, and create more economic value . The reduction in the scale of China's low-end manufacturing industry is a measure and plan of the government, but the mid-to-high-end manufacturing industry has increased significantly. 5 China has no objection to American companies leaving China, just like trade, it is voluntary. Although American companies have huge interests in China, the total economic volume of all American companies in China is less than 5% of China's GDP. American companies leaving China is not a bad thing for China. If Apple leaves China, it will be replaced by brands such as Huawei, Xiaomi, OPPL, VIVO, and ONE PLUS; if Android leaves China, it will be quickly replaced by Hongmeng; if Tesla leaves China, it will quickly lose the Chinese market. The classic examples are GM and Wal-Mart. Without China, these two companies would have gone bankrupt long ago. Companies like Micron and Procter & Gamble will not survive long without the Chinese market. This is why after China opened its doors in 2023, CEOs of Elon Musk, Cook, Bill Gates, Huang Jensen, Intel and Qualcomm all visited China in groups.
@@kalarmsojib7225 Your analysis flies in the face of the problems currently is having with capital flight. Pretending everything is rosy while western companies leave in droves and Chinese exports are diminishing greatly is something only the CCP should be doing.
China, and Russia, should emulate the Americans by asking all their allies and major trade partners whether they need or need more sophisticated missiles for their own home defenses like what the Americans have offered to the island of Taiwan, S. Korea, Japan, Philippines, Australia, etc. We can be very sure Mexico, Cuba, Brazil, Argentina, other Latin America and African nations want to ensure their home defense and security.
Prior to the Ukraine-Russia war, Mexico was already in talks with Russia to manufacture aircraft in Mexico for its airforce using Russian knowhow from Tupolev experience. Mexico still buys from American and European and Brazilian defense industries. However, just like with vehicles, American and European aircraft manufacturers have set up shop in Mexico to manufacture there. I guess Mexico like India is operating on the concept never put all your eggs in one basket.
When Corporate America dropped the ball, somebody else picked it up. What did you expect would happen, everyone would politely wait for us to come to our senses? 🤪
This should have happened since 2000 when the USA moved their factories out of Mexico to China, when China entered the WTO. The jobs moved out of Mexico as well. Good news for Mexico and North America.
This low tech manufacturing was a good fit in Mexico in the 1980's. Like he said the Mexican MIT is in Monterrey; mid level manufacturing. Columbia is now the Mexico of the 1980s and is a better fit for low tech manufacturing. The US has a free trade agreement with Columbia and that's where US companies with low tech manufacturing needs will set up shop. Wages are lower. Transport is negligible.
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I wonder if they will put up nets around their factory to catch employees that jump off the roof like they did in their Foxconn factory that assembled iphones in China😁
@@marthagonzalez5528 I don’t think Mexican employees will put up with the things Chinese were doing in china, that doesn’t doesn’t mean they won’t try to do it.
This podcast left out one crucial point on the labor market in Mexico. China will just bring their own hard-working, obedient zomies to Mexico just like they do in all the other countries they helped themselves un the name of communism sovereignty.
Putting tariffs and sanctioning Chinese products will cause China to find other locations for supplying the US market. At the same time, China as moved into 130 other countries to become their largest trading partner. It is just diversifying to capture markets from many different vantage points, while going upstream with more sophisticated production from its basses within China. The overall effect it that within 5 years, China will make 35% of goods in 130 countries, totally leaving the US in the dust.
Remind me of all those US laptops assemble in Malaysia, they were stamp Made in USA because it was in designated free trade zone pretending to be US territory. I just arrived in the factory, within 30 minutes immigration officers arricved to check my document even though I already show my password at the airport.
I wonder what is happening to the slave labor Uiyghurs with this happening. They may genocide the indigenous people. I pray for them. I am concern for the future because of their mercenary tactics.
It's better for now as the Pacific Century will end.... As the number one market in the world where Consumers become one of the most affluent in the planet, the US and Canada benefits even more because the future will include United States of 🇲🇽 Mexico and the rest of South America as the best Consumer's Markets and Exporter's markets in the World (Next to Europe 🇪🇺 and Scandanavia).
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together
US has an $800-billion war budget, 800 military bases . US troops, God bless their souls, will continue sitting in their bases, scratching their balls, costing their government $800 billion a year to do nothing. Meanwhile, China will continue to actually develop : Few days ago, Tesla's boss went to China again ==> The Pacific Century !
Oh 😮😮😮😮😮this is so great!!!!! Finally The US is paying attention to the latin countries…..these are the best news i am listening now😮😮😮😮😮woooooowwwwooooo
this may actually fix the border situation, more factories and industries in mexico means people can work there, less likely to risk their life to cross the border
That’s not going to happen bc they can go to work today a d what they really want is a free check that Biden will give them for voting Democrat.
Mexicans stopped crossing 13 years ago. People trying to cross the border nowadays come from Venezuela, Honduras and Haiti.
Those are not Mexicans
They are from Honduras Nicaragua Venezuela Haiti and other countries
They can't reach USA before reaching Mexico first
Until living standards in their original countries improve they won't stop coming although Mexico will absorb so many of them so less numbers will try to get to USA
Agreed, as long as they can keep the cartels out of the businesses. More good jobs in Mexico will help stabilize the country.
I like this news. This helps the Mexicans get a decent job instead of risking their lives by crossing the border illegally.
Good. Make Mexico Rich and not an Enemy.
They are not the only going to take advantage. (The Chinese) Mexico is never for the Mexican people. And it's very sad.
Abb's that is completely true. Sadly, the Mexican government will help others but their own people
Only the American business tycoons are making the actual profit. Until Mexicans own their own manufacturing companies themselves, Mexicans will just be providing cheap labor for American consumers. Still no job opportunities for the Americans. China, on the other hand, have enough people who consume their own products. Note the difference.
@@dulgutierrez6656 as Mexican my self I can assure you it's as true as it sounds you gotta leave to become a foreigner in your own country in order to succeed in Mexico.
I know hard work pays off, I'm not saying it is not possible yet if you're not connected and have the means it's very hard to succeed.
When you see people from other countries going to your country for vacations and your people can't enjoy the country as foreigners do, let it be known I'm not complaining just pointing ☝️ that.
Many of us have always wished Mexico was just as affluent as USA, instead of drama, violence. We don't care about its loose morals, it's the perception of violence and lack of safety that sucks
Jobs shipped to Mexico so much better than shipping them to China. At least we share a border and more jobs in Mexico helps both Mexico and the U.S.
Amen! Well said
Ship jobs to Mexico? USA have been hollow out long ago so there isn’t any thing to ship out except ship in. Industries inside Mexico many are own by China! hahahahaha
True as long as we the Americans are willing to pay more . If we think workers will get a fair paying jobs . I don’t think so corruption is a huge problem in Mexico
Plus the cultures are more similar. México is after all a western country and you will have no difficulty finding people who speak english in big cities. Which means that making business is easier
i share your view point, its time that USA starts to think as a continent and not as if the rest of the countries where made to be slaves. sarcasm*
From 1984-1994 when I lived near Memphis, my neighbor worked for MS Carriers and her only job was scheduling the tractor trailers to and from Mexico for Chrysler auto parts. Our relationship with Mexico is vital for our economy. I hope we continue to work together. It’s great to hear that Mexico is doing well. It wasn’t that way when I lived in Brownsville TX in the early 60’s.
I work with a lot of guys from mexico they told me that they were starving more days than not growing up.
Doing well?
Please check that notion once more
I'm disappointed that the environmental benefits weren't brought up. Mexico actually has, and more importantly enforces, environmental regulations on industry. The lower cost of shipping from Mexico to the US versus shipping from China to the US was mentioned, but that also translates to less fuel required to ship those products as well.
The Covid bioweapon release and Putin's invasion really helped us swallow inflation.
Do you have sources for this?
Most of the component parts, raw materials, and even finished products for assembly, come into Mexico from China and to some extent America and Canada.
That's great.
@@juanluismartinez4587 that's a basic word problem. 😒
Mexico quite good educated people and a good demography
Cheap products should be made by asians. Not sure if I want cheap products made by cabrones.
Also they are not waging war on us. China certainly is.
😂🤣🤣🤣
@@tommydong8070What's, so funny Mr.Dong? I'm curious 🤔
Compared to China, not nearly as educated. Younger workforce, yes.
imagine one day where all that captial that flowed to china went to mexico instead, a day where the cartels no longer having as much sway over the people due to new economic opportunities, that would be great for north america
Take your time.
It’ll be a win-win situation.
This is such an American pov 😂
@@kabysummit5801 am I supposed to have a Guatemalan perspective or maybe a Singaporean perspective? Where are you from? is your perspective from Antarctica?
And if you put your tooth under the pillow, the tooth fairy will visit.
My father lives in Mexico in Nuevo leon and works for a Korean company that makes seats dashboards and many other things for Kia and other car companies.. nuevo leon is growing so fast commercially that their current water system can't hold the capacity to supply water to everyone accordingly... so right now they have black out days for each surrounding city in nuevo leon
😅😅
Hopefully the Colorado will flow for a few years now that the dam is filling up.
The Mexican government is building a dam and they are also going to bring water from a river located in the center of Mexico.
@@rubmanriquez8522 work in progress
Thanks for the info
Our Granddaughter’s public school in San Diego beginning in Kindergarten 12 years split the school being taught four hours in English, and four hours in Spanish. All graduates in 6th grade were bilingual! We celebrate the future!
Can you opt your children out of that if you choose?
@@jordanrosenberg9816 Absolutely. And you don’t have to opt out of the Public School system, for those that can’t afford it. You can choose the school that emphasizes the area you’re interested in.
Lo hecho en Mexico esta echo mil veces mejor que lo que esta echo en China!
Ten cuidado con esa afirmacion, puede no ser realidad.
Hecho ó echo? 😂 un diccionario es una buena inversión.
Sin duda lo mejor ..
But it's their ego which can't digest that mexico is a manufacturing giant in neighbourhood
Cuanto menos se dependa de China mejor.
McAllen, Texas, another Mexico border crossing, has had Chinese restaurants for years! NAFTA brought many Korean companies. The executives live in the US in Texas and the restaurants spring up. I was a pastor in McAllen and we had a Japanese school for Japanese children to learn about Japan. The Asians have been in Mexico and Texas since the 1990s.
Chinese since they helped built railroadsv~late 1880's😂
Those are Cantonese from Hong Kong most likely.
There's been Japanese in Mexico since the late 1800s early 1900s
Just make sure some of these Asians do NOT have ties with the government of China like what is happening in Canada with accusations of election fraud involving China
Someone needs a refresher course on history
Most Mexican products exported to the U.S use many American products in their production process. Whether they be raw goods, oils, chemicals, metals, textiles, plastics, tech services etc, as well as the machines that make them. It's only common sense that we strengthen that bond, for the good of both countries.
With that logic, why are we still so unequal?
We should then show more respect for the people of Mexico than many in our country do. The border games we play with people south of the border are rather disgusting. We have to return to humane behavior and stop this them vs. us mentality.
Yes, a lot of it is created by propaganda to install fear and get politicians elected.
The shift from "Made in China" to "Made in Mexico" is a result of several factors. Rising labor costs in China have led some companies to seek alternatives with competitive manufacturing capabilities. Mexico's strategic location, proximity to the United States, and favorable trade agreements like the USMCA make it an attractive option. The shorter supply chains from Mexico to the U.S. reduce shipping times and costs. Additionally, Mexico offers skilled labor, particularly in industries like automotive and electronics, and has improved its infrastructure and business environment. This shift is part of a broader trend of companies diversifying their production bases to mitigate risks and enhance efficiency, but it's important to note that both China and Mexico have unique strengths that contribute to their roles in global manufacturing. Thanks, New York Times Podcasts!
I work for a company that makes machines that inspect circuit boards and a large number of our customers are moving from the US to Mexico. Everything from defense to auto industries.
Soon china will sell the same products better in quality and much cheaper price because China produces for the world while the rest only sell to only a certain countries.
Name of the company?
Does it bring more jobs to the USA?
Lo hecho en México está bien hecho.
y si
I am from Monterrey and is the most accurate thing that listen about Geoeconomics in a while
I have to visit Monterey for this reason
I would like to visit there some day.
This should have happened from the start
Mexico is very developed country.....i was surprised by the infrastructure in Mexico City & Chihuahua.
You do know mexico city is sinking right?
@@Hussleman1🤦🏻♂️
@@Hussleman1 and your point is…?
@@Hussleman1 so is New York and any other major cities that are under in fragile geological conditions.
What developed, what are you talking about,please let me listen to the documentary.
I wish American companies wouldn't be so greedy, and bring their companies back to the US
That's not very capitalist of you
Maybe you should be less greedy and buy the "made in USA" products that tend to be 2-3x more expensive
@@jsheav or less poor, because you have to choose to pay debts and can't feasibly buy made in USA when you're hungry.
We are doing that right now. American companies are moving back to the United States. Companies are setting up in Texas and Mexico. Right now Mexico economy larger then all of Central Europe.
@@pottertheavenger1363 in reality, this is a false dichotomy. Plenty of people don't make much, but aren't drowning in debt. It really comes down to the choices you make, cause companies only provide what people want.
Very good arguments in this interview 👏🏻👏🏻👏🏻
Yo ❤ 🇲🇽! Had the pleasure of studying there.
I think it's better that it's Made in Mexico. For starters... everything made can be "trucked" in through the US-Mexican border. Another is that because it's all in North America.... There's gonna be more US Companies formed and listed in the US Stock Exchanges by emerging CEOs or Founders of these valuable stock corporations. NAFTA will finally be NAFTA because Mexican Entrepreneurs can legally participate and grow Mexican Corporations just like as if it was Canadian or American. It's a good beginning post Pandemic COVID-19....
TESLA JUST MOVED TO MEXICO 🇲🇽 WE HAVE TONS OF LITHIUM IN 😅MEXICO..
This is radio, not television. Just so everyone knows, they have a Google podcast channel. Downloadable, screen doesnt have to be on. Playable offline
It's has started 8yrs ago when American automotive brands decided to move their plants to Mexico maybe its one of the reason why China is losing its customers abroad
China is using Mexico as a bridgehead
I’m surprised it took this long
Great program guys !!!
Good for Mexico
I have no problem with that. I'd rather our neighbors to the south making that money. Mexico is family to the US. I'm all American but viva la Mexico baby . A stronger Mexico will be beneficial for America. Why are we making China a super power? I'd rather we help Mexico and it's people wealthy. That would be a beautiful thing. They need to be Mexican owned .
US has an $800-billion war budget, 800 military bases . US troops, God bless their souls, will continue sitting in their bases, scratching their balls, costing their government $800 billion a year to do nothing. Meanwhile, China will continue to actually develop : Few days ago, Tesla's boss went to China again ==> $ !
Should never have sent American manufacturing jobs to China in the first place. Should have sent them to Mexico and South America instead.
Would have helped the economies of all the regions in North America, Mexico, and South America.
Simplemente coloque una nueva pegatina encima de la vieja pegatina hecha en China, o vuelva a empaquetar los productos de China en un empaque hecho en México, de repente se convierte en un producto hecho en México.Es realmente brillante! 🤣😂
Los chinos son unos genios 🤣
@@stevedavenport1202 NO son😂😢
YES!!!! Please!!! Stop buying stuff from China and start helping Mexico by investing and buying from them! We need stronger relations with Mexico, they are our neighbors and we can help build eachother up and keep eachother safe.
Perfect. It's about time.
Yaayy!! I so approve! Products for sure will be made better👍👍👍👍
Hey New York Times, I have news for you; many products sold in the U.S. are already manufactured in Mexico, like CARS, MOTORCYCLES, BICYCLES, HOME APPLIANCES, ELECTRONICS, TOOLS, MACHINERY AND EQUIPMENT, MEDICAL EQUIPMENT, CLOTHING, KITCHEN UTENSILS, PRINTERS, COMPUTERS, FURNITURE, EVEN PARTS FOR THE AERONAUTICAL AND DEFENSE INDUSTRY, etc. etc. And it's been like this for DECADES, now it could be even be in a larger scale, but it's not a new development...
Bringing foreign companies to mexico only means one thing. A more polluted country with fewer resources available for real Mexican companies. It also means ridiculously salaries for mexicans. It also means less clean water available. They just drain a giving country out of its resources while paying miserable wages.
Yep. Min wage labor for most, but Jobs are jobs, and it's hard to find them in Mexico. Local or national companies don't build enough to employ the masses, they've had the time and opportunity to do so, but nah. Have done nothing.
The biggest question for me, is where is the intellectual property going? If it’s made in Mexico, but the tech belongs to the CCP, that’s still a problem.
CCP has very little Intellectual Property. Less than 13%. They copy everything, shame on them. We are done investing in corruption. Bye bye
What's the problem?
@@kabysummit5801 No problem, I’m happy we are decoupling from ccp. Other countries will benefit from our purchase orders.
If you are poor, intellectual property is no longer a considerations. Advance Micro chips and related products will be another products China will definitely dominate very soon. China have all the key necessities that non had. the money, the people, the market and most important the resilience to innovate.
Under the USMCTA intellectual property rights are protected in North America.
Esta bien q se generen trabajos, pero los mexicanos deberian buscar hacer sus propios negocios, no ser unicamente mano de obra, ahora creo q los empresas se deverian de repartir por centro america tambien de esta forma se evitaria la migracion de esto lugares..
Logisticamente hablando no es tan facil. Centroamerica no tiene para donde ir, solo por Mar. Por terrain estan muy lejos de la Frontera. Alla abajo estan bien jodidos. :/
The reality is that the US will not allow for China's manufacturing to have a significant presence in North America. Though Mexico will have a great attraction for international manufacturing, North America will manufacture for North America, creating a stronger union. China will probably have more success in other Asian countries while still shipping to the US.
All they need is that Made in Mexico label and lower label costs. It’s a perfect Trojan horse. You are hoping for a lot in wishful thinking.
I hope so.... They Chinese never have good intentions it's always for them...
You do know that North America is Canada, USA, and Mexico right? So you mean a stronger NAFTA union?
Lower labor costs. Rectifying. NAFTA might be good for the US and Mexico. For Canada and the rest of Latin America is awful. LATAM countries ought to get ought from under Mexico’s bilateral trade agreements. They are decimating any decent value added manufacturing while deferring it to Mexico.
@@ALCRAN2010 NAFTA is not a union. It's a trade agreement.
Extremely informative.
Wow.
Great episode! 👌🏿👌🏿
They are ahead of it because they know what is coming. China knows how to capitalize on the failure of others, they also can move very quickly and maximize on efficiency. Also their internal philosophy on cooperative technology rather then a competitive technological perspective, gives them a huge advantage and it always will. The borders will come down one way or another, learn to adapt or die.
I always told my friends that US should’ve done factories in Mexico and Central America. Workers are cheaper and even if they not as cheap as China workers US is still saving more doe to cheeping cost. It’s way cheaper to move merchandise from Mex and Central America to US then it is from China to US. This will also control the high illegal migrants from coming since there will be such a high demand for workers in this countries and this countries governments will be benefiting financially from this making it possible for the US to keep using this lands for their factories, is a win-win situation for everyone. In stead they gave all manufacturers jobs to China creating a big economical monster they can’t stop, not considering that by working with Latin America would’ve been a better deal in the long run. But the US don’t like to walk by the hand of Latin American countries. They see them as a problem to solve while China sees them as opportunities. That’s the reason countries are switching to China.
China made factories and proved their value to US companies. The US didn't go make factories in China. Had Mexico done the same, the business would have gone to Mexico.
Huh? I almost understood you then you lost me. Most Americans want to do business with Mexicans not the Chinese.
Mexico are our friends.
If the company is from Hong Kong, does that really qualify it as a "Chinese" company? I think what people are concerned about is CCP influence
Communist China invaded and took over Hong Kong. So yeah, they're from communist China.
Yes Hong Kong is CCP!
Mexico ticks all the boxes for Chinese investments abroad.
Finally some news worthy journalism
Why did it take a pandemic for the US to realize both the economic potential and societal prosperity of its border sharing neighbor? I feel the US took Mexico for granted. They saw China as a potential foe, so they wanted to sow the seeds of friendship. They didn't have to worry about Mexico, even as they were suffering from insane corruption, cartels, and being a conduit for illegal immigration. As long as they were a "democracy", the US was OK with it.
I guess you've never heard of NAFTA?
Thank you..... I knew Latin America should had gotten it before china,I knew it was a big mistake.
USA took Mexico for granted & didn’t worry abt its problems? Guess you forgot abt the BILLIONS in funding & equipment/weapons, as well as law enforcement training & support. DECADES of direct assistance to combat cartels & drug trafficking. But you said it -- ‘insane’ corruption 🤷
So Chinese investors are pumping Mexican Economy. Now I see it happening.
They'll want to control the Mexican government before they invest in Mexico.
Had a chainsaw made in Mexico best one i had over the years.
The US ignored Mexico. But not the Chinese. They have been there for 50 years.
We would buy stuff Made in Mexico anytime! Higher quality in craftmanship , lower carbon footprint if transported to the north into the USA & more confident of Intellectual Property being protected & not having to worry about politically motivated supply chain interruptions! And opening up Mega Factories in Mexico also can help provide higher value jobs to the Latin American Citizens! 🕯🌎🕊
I've said this you a long time. Remove outsourced companies and jobs from Chyna, Vietnam etc and bring them back not only to the USA, but also to Mexico. Why? Because it will give incentive to give citizens of Mexico the opportunities granted they are given human rights and a living wage for that country and also work to prevent cartel growth and activity! It also makes sense to that we have strong relations with our neighbors. DUH
I’m seeing more and more things made in other places other than China.
I'm not. Everything i have purchased recently is made in China.
@@Withnail1969 you must go to Dollar Tree often .
@@NobleWolf33 we don't have those here. my laptop was made in china and so was my mini desktop. the laptop is HP and the desktop is Intel. All my Amazon Alexas were made in China.
Americans should be happy now, so stop hating China.
It’s because China cost had went up allot so they relocate to countries that had a lower labour cost so the industries you talk about many are own by China. You just can’t escape China grip, so learnt to live with it.
Great content. Thanks
Good for Mexico. The clothing made there fits me better anyway. Should have been Mexico from the start.
immigration lately does not come from Mexico but fron central america and south america
Peter Zeihan called it
Mexican realistate is about to go way up.
We have a looong way to go before Mexicans no longer are tempted to cross the border. There are still so many sectors where the wage differential is 10 to 1. It's like a fast food worker in the USA trading in an $18/hour job for one in Canada paying $180/hour.
The Mexican economy is 20 times smaller than the US economy and is barely growing and often falls into recession. Population growth has slowed but will continue to grow until mid century. And now the country has an anti capitalist president. This is not a recipe for a country that will soon have high wages.
"anti capitalist president"... .no, just a president that is investing on the country, for the people, and eliminating corruption, the old school politicians that robed empty the country for decades.
Mexico does not have an anti-capitalist president. Making enormous companies like Wal-Mart and Coca-Cola pay backed taxes is not anti-capitalist. President AMLO has one of the highest approval ratings in the world, we're becoming energy independent, and we have record foreign investment.
The current Mexican president has actually done alot and I’m surprised American propaganda has not informed Americans about Mexico’s mega projects that will boost its economy. Just the same usually cartel this cartel that .
It’s amazing to witness the ignorance of some people!
Many of them believe Mexico is all that extension of land south of the border that isn’t the US.
By your logic I’ll assume Venezuelans, Nicaraguans, Hondurans, Guatemalans, Colombians, Argentinians,etc,etc Are Mexicans right?🤦🏻♂️
Mexico is going to be the next big boom.
I plan to go there as well for business. There is so much opportunity down there you just don't have in the states. And you also don't have to worry about your factory nor your business getting BLM'ed down there. Same thing in other parts of the world.
It may not be the best place to drink the municipal water. But it's a great place for business.
This guy is talking about China making products for itself while citing its GDP which is a bunk statistic. If he cites China's GDP per Capita, he'd be closer to the truth, and THAT statistic is abyssmal for China. The average Chinese is STILL poor and unable to afford the various products they're being expected to buy. There's another "Peter" that they should have consulted named Zeihan, and he IS predicting the end of Globalization. Not of international trade, but the system in which products are assembled from inputs literally coming from all over the globe. The guy is correct where he describes Regionalization replacing Globalization. The US was literally always exactly that with the ease of transport within the continental scale of the country, and just expanded further with the inclusion of NAFTA, as was alluded to in the video. Various auto makers already have supply chains running through Mexico where differing components are manufactured in both Mexico and the US. China's time as THE Global manufacturer is pretty much done, and it's not coming back. They may continue to manufacture some things for as long as they're able, but China has several crisis it's facing beyond just the loss of manufacturing.
Yet China is surpassing the USA; your comments comes across more like wishful thinking
@@sojrnrr8368
Really? By what measure?
@@Seastallion look up China trade surplus.
2022 China trade surplus is +$848 billions.
2022 U.S trade deficit is -$950 billions
China is the world largest trading partner in the world.
China produce 4x STEM engineers than in the U.S
China is the largest economy in the world if you count GDP in PPP.
Why do you think Saudi Arabia want to trade oil for yuan?
Or Brazil trade with China in yuan?
Why do you think Apple, Tesla, BlackRock all kowtow to the Communist China but not India or Russia?
@@sojrnrr8368
Still waiting for an explanation about how China is surpassing the US. China is actually in serious trouble facing a plethora of cataclysmic problems, each of which by themselves could crush China, never mind all at once.
1) Demographic collapse.
Thanks to China's One Child Policy and rapid Industrialization combined with the hollowing out of its rural areas, China is the fastest aging population in the world. The average Chinese is already older than the average American. China has already admitted to over counting their population by at least over 100 hundred million people, all in the younger age groups. In the not too distant future every young worker left in China will be supporting several retired aged people each. China is no longer the cheapest labor in the world.
2) Economy shrinking.
Companies have been leaving China in droves. People have been returning home to their rural areas because they can't find jobs, while other people have been sleeping on the streets because they can't find work to afford a place to stay. That is aside from a widespread lethargy among their young working age people having an attitude expressed as "let it rot". In addition, because of China's Zero Covid Policy, they are now suffering through the worst of the pandemic as the rest of the world is already through the worst of it. Also due to Covid, countries are pulling back manufacturing closer to home which again leaves China hanging.
3) Energy Shortage.
China imports upwards of 75% of its oil, and is heavily reliant upon shipments from the Middle East. At a time of global energy shortages, China is at the end of a very long supply chain that could easily be disrupted by many potential groups along the way, including India which China has several border skirmishes with in the recent past. China's domestic Coal mines have been suffering from flooding, which hasn't been helpful.
4) Food Shortages.
China has had a massive loss of pigs in the millions due to Swine Flu, which is the predominant meat in China. They've been trying to rebuild the herds, but it hasn't been going well. China has hoarded most of the Global Reserves of Corn, Rice, and Wheat more than 50% of each. At the same time China has banned the export of Fertilizers because of the domestic food shortages.
5) Water Shortages.
China has had chronic water shortages, despite massive infrastructure projects in attempts to address the problem. It is made worse with the severe environmental damage making much of China's water so toxic it can't even be used to water crops, never mind drinking. The shortage of usable water makes the next problem truly ironic.
6) Severe Flooding Potential.
Rivers in China are in bad shape prone to severe flooding. The Huang He River has flooded multiple times with one of the worst in recorded history killing over 3 million people in 1931. Over the centuries China has built up the banks along the river to try to prevent flooding, and sediment carried down the river has slowly raised the river bed so that it's now above the surrounding plain. If the river spills over its banks, it will flood the plain with nowhere else to go, likely killing millions again.
7) Real estate bubble.
China has a real estate housing scam going that makes up 30% of China's entire economy. It has already begun cracking with Evergrande's default on its debt. China had been having massive protests over people losing their life savings, because Real Estate has been the only thing people in China have been allowed to invest in hoping for a profit. This is the source of China's infamous ghost cities, where companies were using investments to build new buildings as well as customers home payments. As a result, the properties aren't being finished, and never will.
I could keep going, but I'll stop here. In comparison the US is doing great. The US may be having a relatively bad day, but the fundamentals of US strength are still very sound.
@@Seastallion 1 - 7 haven't stopped China as the global manufacturing superpower. China is expanding worldwide with its BRI network. That's what you got by cherry picking your data.
The iphone is still made in China. Get over it.
The poverty in mexico is really bad and nothing has changed or will change. They make 5dlls a day. That is not enough money for a single person more a family. Sad outcome. Polititians have never really lift a decent way of living. Transnationals love cheap labor but at the expense of the people
Mexico builds houses for working people.
Extreme poverty fell from over 50% in 1980 to less than 20% by 2022.
Nearly half the population still lives in poverty at around 40%, but only half of that has been extreme poverty in recent years.
The middle class has also grown to around nearly 40% of the population. The rest upper class and rich. There are many medium sized and small Mexican cities where the middle class has been more visible. Obviously the big cities like Mexico City host world billionaires like Carlos Slim and the CEOs of companies along with Mexican celebrities, but have also hosted the largest slums.
Most of those were created from the 1950s-1990 when the country urbanized (moving from the countryside to cities) and had a high birth rate. The birth rate today though has been at replacement level of around 2.1 births/couple.
With nearshoring and other developments happening, there has been a lot underway.
This has been going on since NAFTA, VW and Japanese Car plants have been here for a long time. Your Dell computer and HP printer was assembled in Mexico. Chinese companies are looking for a place to move when the Chinese Party cracks down.
no not yet , they need change.
The biggest impediment to industrial development in Mexico is the same as in China and that is water. It is not insolvable but requires the kind of ingenious and honest monitoring that is not present in China. Lets hope Mexico will treat its workers better than China or Republicans. Chinese parents don't buy Chinese baby food and that pretty much says everything you want to know. Automation is coming, be kind to your vacuum cleaner.
Yucatan peninsula has an abundance of water and is growing rapidly. Tren Maya etc
@@happyinparadise7812 But most of the land is protected, you can't set up huge maquiladoras down there. Even these new subdivisions have to preserve a certain amount of trees and vegetation, can't chop it all down to build those homes. that.
US took industrialization to China ignoring it's neighboring countries now China is in US BACK YARD countries doing what the US didn't do.😢. Too late to be sorry.😮.
They tried that in 90s but found Mexico productivity and work quality was very lacking . Most USA fabric and clothing production went to Mexico first but rapidly to Asia . Asian workers uniquely can do highly accurate work in repetitive jobs with far less fatigue. Why Asia will be the product makers in future too . Many other ripe Asian countries like philippines, SE Asia
One of mexico's advantages is its
Proximity to the US, and the Work
Ethic, of the mexican people.
And that Mexico remained "open for business" during the entire Chinese Flu Plandemic.
The US has an $800-billion war budget, 800 military bases . US troops, God bless their souls, will continue sitting in their bases, scratching their balls, costing their government $800 billion a year to do nothing. Meanwhile, China will continue to actually develop : Few days ago, Tesla's boss went to China again ==> $ !
Set up a rail system. Boost good jobs in Mexico. Maybe that will stabilize Mexico and the border.
The terrain in Mexico makes it difficult.
Good! Those Chinese always cut corners and produce cheap shit. I refuse to buy furniture or anything from Walmart and I’m noticing a lot of made in China clothes are in Costco
Take your time.
A perfect moment for Mexico, combine with the updates on megaproyects from the mexican goverment.....its now or never
Note: Mexican workers work the greatest number of hours per week on the planet, even greater than the workaholic Japonese and Koreans. Look up the statistics on the Internet! The reason is the crappy wages. Look that up too. As a bonus, Mexicans are not planning to go to war with the USA. p.s. I've lived here in Mexico 25+ years - love it/them!
中国人 普遍每周劳动50小时。。。
People don’t get that America is CAN USA AND MEX …
The report is not that accurate. From where are most of the migrants that cross the US - Mexico border? Not Mexico. Close to 80 to 75% come from Central America and South America. In fact there has been a negative influx of Mexican citizens to the US, a good number of Mexican migrants have been returning to Mexico. I think there is a great degree of prejudices and stereotypes in this report. Typical New York Times report of someone who has never left the border zone to visit the country and know it in depth. How you know an US citizen? (says a joke)... ...well, because they only speak one language and drink Coca-Cola (a stereotype that most US citizens might not like), we the rest of the Americans, yes we those who live in Colombia, Chile, México... ...we are Americans, we speak normally two languages, und manchmal mehr als zwei (and sometimes more than two) and we are more open to the world than the so called Americans from the USA.
Now I see why a lot of Americans shop at thrift stores
Western companies have been leaving China since 2008 when Deng Xioaping raised taxes drastically for foreign companies. Plus Chinese worker salaries have risen way past other third world countries like Mexico. With the disruptions in the supply chains during covid, another surge of leaving China occurred.
The impetus for Belt and Road by Xi Xinping in 2013 was mainly because western companies were leaving China in droves. China needed alternative markets to keep their manufacturing going. While it will take a few years for western companies to finalize retooling their supply chains, it is happening. It is a big reason for de-dollarization, as the large percentage of their manufacturing is now going to the Global South rather than to the west, there is no need to for China to trade exclusively in dollars with no one in the west actually involved in the trade.
1 Deng Xiaoping died in 1997, it is impossible for him to come out to raise the tax of foreign companies 11 years after his death!
2 Since 2000, foreign capital has been increasing its investment in China, from 38 billion US dollars per year to the current 150 billion US dollars per year. The fastest growth rate of foreign capital investment in China is from 2009 to 2011, and then The growth rate has slowed down as the total investment has been increasing, and post-COVID, foreign capital investment in China has increased again, reaching a record high of US$172.3 billion in 2022. Check the data of the United Nations Economic Organization and other authoritative economic organizations, the facts are completely different from what you imagined.
3 The Belt and Road Initiative does have the effect of de-dollarization, but its essential intention does not lie in the dollar. Of course, going to the US dollar is the dream of many countries. After all, the US dollar must be used for trade between sovereign countries, which is unfair to all sovereign countries. The United States can rely on printing dollars to purchase products and resources that people all over the world have worked so hard to get. Basically, the whole world is a slave of the United States, but now someone is challenging the United States to realize the dreams of the people of the world. When China proposes this initiative, the world The top three-quarters of countries immediately joined the initiative. The only countries that have not joined this initiative are the United States and its political colonies.
4 In fact, China itself is also eliminating low-end manufacturing and labor-intensive industries. To develop and improve people’s living standards, China must produce mid-to-high-end products, improve its position in the industrial chain, and create more economic value . The reduction in the scale of China's low-end manufacturing industry is a measure and plan of the government, but the mid-to-high-end manufacturing industry has increased significantly.
5 China has no objection to American companies leaving China, just like trade, it is voluntary. Although American companies have huge interests in China, the total economic volume of all American companies in China is less than 5% of China's GDP. American companies leaving China is not a bad thing for China. If Apple leaves China, it will be replaced by brands such as Huawei, Xiaomi, OPPL, VIVO, and ONE PLUS; if Android leaves China, it will be quickly replaced by Hongmeng; if Tesla leaves China, it will quickly lose the Chinese market. The classic examples are GM and Wal-Mart. Without China, these two companies would have gone bankrupt long ago. Companies like Micron and Procter & Gamble will not survive long without the Chinese market. This is why after China opened its doors in 2023, CEOs of Elon Musk, Cook, Bill Gates, Huang Jensen, Intel and Qualcomm all visited China in groups.
@@kalarmsojib7225 Your analysis flies in the face of the problems currently is having with capital flight. Pretending everything is rosy while western companies leave in droves and Chinese exports are diminishing greatly is something only the CCP should be doing.
China, and Russia, should emulate the Americans by asking all their allies and major trade partners whether they need or need more sophisticated missiles for their own home defenses like what the Americans have offered to the island of Taiwan, S. Korea, Japan, Philippines, Australia, etc. We can be very sure Mexico, Cuba, Brazil, Argentina, other Latin America and African nations want to ensure their home defense and security.
It's already happening.
Prior to the Ukraine-Russia war, Mexico was already in talks with Russia to manufacture aircraft in Mexico for its airforce using Russian knowhow from Tupolev experience.
Mexico still buys from American and European and Brazilian defense industries. However, just like with vehicles, American and European aircraft manufacturers have set up shop in Mexico to manufacture there.
I guess Mexico like India is operating on the concept never put all your eggs in one basket.
What the hell happened to made in the USA
In one word UNIONS.
@@platoon1081 people can’t unionize the country is way too diverse
This is very good news👍👍
Mexico is looking like a country to move to If your not doing to good in US Mexico might be that change you need .
When Corporate America dropped the ball, somebody else picked it up. What did you expect would happen, everyone would politely wait for us to come to our senses? 🤪
This should have happened since 2000 when the USA moved their factories out of Mexico to China, when China entered the WTO. The jobs moved out of Mexico as well. Good news for Mexico and North America.
This might be the best time to invest in México and get rich in 5 10 years
This low tech manufacturing was a good fit in Mexico in the 1980's. Like he said the Mexican MIT is in Monterrey; mid level manufacturing. Columbia is now the Mexico of the 1980s and is a better fit for low tech manufacturing. The US has a free trade agreement with Columbia and that's where US companies with low tech manufacturing needs will set up shop. Wages are lower. Transport is negligible.
No the Mexicans will sub contract out the low tech manufacturing to Colombia or Chile.
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I wonder if they will put up nets around their factory to catch employees that jump off the roof like they did in their Foxconn factory that assembled iphones in China😁
Do they have a I phone factory or City like they do in China
Because if they do the immigrant don't have to try to cross the border.
@@marthagonzalez5528 I don’t think Mexican employees will put up with the things Chinese were doing in china, that doesn’t doesn’t mean they won’t try to do it.
Great, report guys. Of course very little about the fact that none of this stuff is made in our country producing American jobs.
This podcast left out one crucial point on the labor market in Mexico. China will just bring their own hard-working, obedient zomies to Mexico just like they do in all the other countries they helped themselves un the name of communism sovereignty.
Sounds like limited to large bulky and relatively inexpensive products will be assembled/made in Mexico.
Answer: Nearshoring favorable!!!! That's all friends ...
There will be savings for the corporations. The odds of those savings being passed on the consumer are low.
Plant 외각은 페어그라스/(복충유리)로서 실리콘실링작업을 한다
Dang....Trump may yet make good his initial election promise. Mexico may pay for the wall to prevent jobless Americans from crossing into Mexico.
Due to culture Difference
Putting tariffs and sanctioning Chinese products will cause China to find other locations for supplying the US market.
At the same time, China as moved into 130 other countries to become their largest trading partner. It is just diversifying to capture markets from many different vantage points, while going upstream with more sophisticated production from its basses within China.
The overall effect it that within 5 years, China will make 35% of goods in 130 countries, totally leaving the US in the dust.
Remind me of all those US laptops assemble in Malaysia, they were stamp Made in USA because it was in designated free trade zone pretending to be US territory. I just arrived in the factory, within 30 minutes immigration officers arricved to check my document even though I already show my password at the airport.
There’s no need for music in the background, in my opinion. It’s distracting to the point of annoying.
I wonder what is happening to the slave labor Uiyghurs with this happening. They may genocide the indigenous people. I pray for them. I am concern for the future because of their mercenary tactics.
It's better for now as the Pacific Century will end.... As the number one market in the world where Consumers become one of the most affluent in the planet, the US and Canada benefits even more because the future will include United States of 🇲🇽 Mexico and the rest of South America as the best Consumer's Markets and Exporter's markets in the World (Next to Europe 🇪🇺 and Scandanavia).
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together
US has an $800-billion war budget, 800 military bases . US troops, God bless their souls, will continue sitting in their bases, scratching their balls, costing their government $800 billion a year to do nothing. Meanwhile, China will continue to actually develop : Few days ago, Tesla's boss went to China again ==> The Pacific Century !
Oh 😮😮😮😮😮this is so great!!!!! Finally The US is paying attention to the latin countries…..these are the best news i am listening now😮😮😮😮😮woooooowwwwooooo