A new Congressional Budget Office report weighs in on the Obama administration plan to raise the minimum wage to $10.10.
Also, President Barack Obama will meet with his counterparts from Mexico and Canada in the Mexican city of Toluca for an occasion some have called the “Three Amigos” summit. It’s been 20 years since the North American Free Trade Agreement (NAFTA) took effect, and the three leaders will discuss ways to extend their nations’ trade relations. The Guardian has reported on one possible agenda item: Making business travel easier among the three countries.
Traveling back-and-forth to Mexico to do business means spending time waiting to cross the border and going through customs. “The amount of time you can spend on the Mexican border is not a couple of hours,” says John Doggett, who teaches international entrepreneurship at the McCombs School of Business at the University of Texas in Austin. “Sometimes it can be three or four hours, because of traffic or security concerns.” And time is money.
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