Hacker News new | ask | show | jobs
by smcin 389 days ago
Right. The unwritten story of the last three decades is the Mexican people in general have lost out on the huge generational opportunity they theoretically should have from being a (comparatively) low-wage manufacturing and R&D option on the US's doorstep ("friendshoring").

On paper Mexico reaped enormous gains from NAFTA(/MCA) but those went to a small slice of the population, and people on fixed incomes/not in manufacturing/services objectively got worse due to inflation and rising cost-of-living, property prices. The share of GDP effectively lost due to corruption is also an issue.