Some good new on the job side indicating a labor market that is recovering. There will continue to be a shift in the types of jobs available based upon shifts to a more virtual Information/Digital Age. As pressure mounts on labor we should see wages rise. We we will also see is companies again thinking about outsourcing overseas.
This is my suggestion. If you are a company that needs low cost production invest and partner in Mexican companies. I'm sure they would love the investments. (I have to put this plug in for the orphans of Mexico. If you do well you should give some back to the people who really need it through corporate sponsorships and grooming young bring minds in the area to produce greater good will.).
I would like to see companies innovate. Pressure on wages requires productivity to rise to maintain cost parity. When we invest in innovation we improve the productivity of of workers through new labor enhancing developments (i.e. suits, robotics, learning, etc...). Its the only real way of bringing people and the companies together.
Having a low cost and a high tech option makes a difference. Hopefully, we don't continue to simply send everything in a race to national insolvency.
May 22nd Job Report by Dr. Murad Abel on Scribd
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