more rules for local content is a good step forward.
but, now, is that $16/hr us, or $16/hr in the country of origin? because the minimum wage in most of canada is currently $15/hr, which is about $11-12/hr us. $16/hr us would be about $20/hr canadian. or, am i missing the point - is this meant to move with measures to bring in parity (or even a common currency?), to mess with this manipulation charge?
but, i've argued loudly that the way to stop companies from moving factories to mexico is to increase wages in mexico. and, it sounds like that's what the general crux is.
i'm sure there'll be plenty of analysis in the upcoming weeks.
but, the few details i've seen sound good.
now, we'll find out what it does to help investors, right...