Puerto Vallarta News

Puerto Vallarta News

Will NAFTA 2.0 Really Boost Mexican Wages?

Will NAFTA 2.0 Really Boost Mexican Wages?

NAFTA is no more. The North American Free Trade Agreement has a new name — the United States-Mexico-Canada Agreement, or USMCA — and its rules have been updated and revamped.

For Mexico, there's one rule in particular that gives workers hope higher wages are coming.

It says that 40 percent of a car must be made in a plant where workers make at least $16 an hour in order to avoid U.S. import tariffs. That would mean a fivefold boost to the average Mexican autoworker's wage of $3.14 an hour .

But while that . . .

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