Wouldn't be the first time the US projected such crashes on China..
All the best, and good luck to your new VP post. Don't be a dick to your employees.
60% of 18-22y/o’s are in college as well and since regional commuter universities and community colleges are the bulk of enrollment, those people are going to be at home while they complete their studies
I think the other issue with commercial real estate is cities have revenues tied to occupancy rates, foot traffic, etc in these business districts so they are incentivized to push RTO onto companies operating in those CBDs to assist in budget planning similar to the investors in CRE leaning on the management of the companies with tenancies. In essence, the worker's commute, their daily coffee, lunch, etc amounts to forced spending to help fill city coffers and the pockets of real estate investors. Finally, the unspoken benefit of RTO from a companies perspective is it acts as a low-cost self-cleansing mechanism for personnel management since they are hoping people will just quit off their own accord without having to pay or severance due to the unpopularity of RTO. Its like quiet quitting, but for corporations.
Huh?
The US imports more from Mexico than China for the first time in 20 years.Huh?
Pretty sure it already happened in 2018-2019
The reality is that China is simply getting too high tech for the US now. They don't want to buy products with Chinese IP anymore yet Chinese IP is increasing. Chinese IP is becoming a strong competitor.
Mexico doesn't have semiconductor, aerospace, heavy industry, EV, etc competitors. High IP work is still in China, just like how Samsung quit the Chinese smartphone market and stopped assembly work but retained their semiconductor fabs and R&D centers.
Coincidentally South Korea also has a trade deficit now after decades of trade surplus.
Like I said, it's because they don't want Chinese IP anymore and Mexico doesn't have their own IP so they feel less threatened by importing from Mexico.
I think a better comparison would be for the time period 2018-2023 the Chinese exports to the USA; Mexico exports to the USA and Chinese exports to Mexico. It would allow us to evaluate if the increase in Mexico imports to the USA is driven by assembly of Chinese components on Mexican soil, but with most of the value based in China as you noted. The headline number is too generic to derive any useful conclusions from, since the changes in export gross totals can be for any number of reasons. But just looking at the graph, Mexico has been exporting more gradually to the USA for over a decade leading up to 2018 to within a few percentage points of China in terms of import share, so I don't think this should be considered surprising since the patterns in China's trade partners and value-add in terms of goods has shifted such that Mexico occupies a higher percentage of the share.Huh?
Pretty sure it already happened in 2018-2019
The reality is that China is simply getting too high tech for the US now. They don't want to buy products with Chinese IP anymore yet Chinese IP is increasing. Chinese IP is becoming a strong competitor.
Mexico doesn't have semiconductor, aerospace, heavy industry, EV, etc competitors. High IP work is still in China, just like how Samsung quit the Chinese smartphone market and stopped assembly work but retained their semiconductor fabs and R&D centers.
Coincidentally South Korea also has a trade deficit now after decades of trade surplus.