Bring on the $15 an hour wage. With NAFTA in place, what is left of manufacturing in the USA will disappear; with the notable exception of factories that are mostly automated and require very skilled workers. And with those factories will go jobs. We will be left with service sector jobs that require very little, or no skills. Companies will turn their attention to eliminating those jobs to gain a competitive advantage.
Now 30 years old and in charge of payroll, she makes about $1.75 an hour, on par with wages earned on the plant’s assembly line. It may not seem like much by U.S. standards. (Or, for that matter, to some of the workers toiling in the heat of Acuna’s factories.) To Gonzalez, though, the money has been life-changing. It’s given her things she says her mother never had: a washing machine, cable TV, a Ford Freestar minivan that she shares with her boyfriend, daily zumba classes at a nearby gym and the hope that her 11-year-old son, Angel, will be the first member of her family to attend college.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.