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What We're Reading
Here's a look at recent economic headlines in the news.
This essay from the Los Angeles Times does a good job describing the economic condition on both sides of the U.S. and Mexico border. Here's one key excerpt: "Mexico is in the throes of a manufacturing boom. Exports from Mexican factories have jumped 13% since 2012."
Yet, as the report also notes, "Mexico’s manufacturing surge has not been an unalloyed disaster for American workers. U.S. manufacturing production, it turns out, is rising as well. Factory output has nearly reached its all-time high this year, and is up more than 30% since 2009."
The point to walk away with is that the U.S./Mexico economic relationship is not a zero-sum game. One side does not necessarily win at the other’s expense. They both can win – and are. As this piece explains: “The bottom line, say economists and company executives, is that what’s good for Mexico’s factory workers is good for some U.S. workers too.”