mdillon1172 wrote:
Quote:
add to that the $20 Billion in "remittances" sent to Mexico .... that is a grim picture..... and yet Mexico is also not served well, as many Mexican operations lost THEIR work to cheaper Chinese factories.....
the net benefit accrues to US corporations like John Deere who produce subassemblies in Mexico and bring them to the US for final assembly or just for resale to the US market...
I don`t know how many remember the name, "McCullough", but at one time they were at the top of the line on "chainsaws" with "Made in USA" stickers on their equipment. Later they made weed eaters, blowers,ect, with names like "Eager Beaver, Pro Mac,and more. In the early 90`s they moved their Manufactuering to Mexico. Almost every piece of equipment had a sticker on it that said "Assembled in Mexico".
After moving to Mexico they started going down hill and started cutting cost and lowering quality. In 1998 they went bankrupt.