(08-27-2018 10:46 AM)Marc Mensa Wrote:  I thought the market best set the wage and a forced minimum wage would actually do more damage than good? Surely, you're not saying it will raise the standard of living in Mexico?

The market does best set the wage. Tariffs were used to offset the difference in wages and production costs in lower wage countries like mexico. If Mexico wants the tariffs removed, they have to work to eliminate the wage discrepancy. Mexico wants to keep the auto plants while eliminating the tariffs the US imposes so they are raising wages. Guess what that is? It's the market setting the wage.