Great Graphic: Mexico and China Unit Labor Costs
This Great Graphic was posted by David Merkel on his AlephBlog with a hat tip to Sober Look. It looks at the divergence of unit labor costs in China and Mexico since 2007 through 2015. The Mexican peso depreciated 17% last year. The yuan fell 6%. That 11% differential likely swamped the change in productivity …
Great Graphic: Mexico and China Unit Labor Costs Read More »