"As they industrialize"? Mexico's already a major industrial economy. It's not in the top tier of nations but at about US$16500 its per capital GDP is still above China's, although probably not for much longer. Unfortunately its growth rate has been sluggish like a mature economy which is part of the reason Mexicans keep looking northward for better employment. There's nothing on the horizon that would make them suddenly enter a rapid growth rate. To the contrary, returning expats will no longer be sending remittances from the US, hurting Mexico's national income, and may flood the labor market, sending wages spiraling.
Plus, some of the Americans who take over Mexican jobs may not have them for long. If businesses can no longer obtain low cost labor within the country, then where possible, producers will relocate south of the border, or elsewhere, or increase mechanization efforts to decrease their costs. And where not possible, they may be priced out of the international market as the production cost of their goods shoots up.