Quote:
Originally Posted by photon
GREG HAYES: So what's good about Mexico? We have a very talented workforce in Mexico. Wages are obviously significantly lower. About 80% lower on average. But absenteeism runs about 1%. Turnover runs about 2%. Very, very dedicated workforce.
JIM CRAMER: Versus America?
GREG HAYES: Much higher.
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That's not surprising. A factory job with an American company in Mexico is a worker's lifeblood and probably quite lucrative. The equivalent one in America is probably affected by spoiled Union workers working slowly with high rates of absenteeism. I won't say laziness but we've all seen/heard the usual tropes about Union workers sitting around and not being competitive or industrious because they have no fear of losing their jobs.