Cramer's wake-up call for Donald Trump on NAFTA
"No one talks about the actual benefit that deals like NAFTA bring to American workers, namely cheaper products. Meanwhile, the average Mexican worker only receives about $3 per hour. The country has fewer worker and environmental protections. There is state provided healthcare, and very little absenteeism.
Shareholders want the companies to move to Mexico for an immediate earnings-per-share boost. More important for consumers, Mexico has kept the price of cars down because of its low costs, Cramer said.
"That is a real trade-off and we need to talk about it, rather than pretending it doesn't exist," he said. "
"No one talks about the actual benefit that deals like NAFTA bring to American workers, namely cheaper products. Meanwhile, the average Mexican worker only receives about $3 per hour. The country has fewer worker and environmental protections. There is state provided healthcare, and very little absenteeism.
Shareholders want the companies to move to Mexico for an immediate earnings-per-share boost. More important for consumers, Mexico has kept the price of cars down because of its low costs, Cramer said.
"That is a real trade-off and we need to talk about it, rather than pretending it doesn't exist," he said. "