Publisher's Synopsis
Excerpt from The North American Free Trade Agreement: Hearing Before the Committee on Small Business, House of Representatives, One Hundred Third Congress, First Session
The stock which had been originally purchased at a low price could then be sold at a dramatically higher price as a result of moving the labor to Mexico.
Here are the characteristics of the companies they are looking for: Low to mid-range technology manufacturing; moderate to good growth; sales in the range of $10 to $100 million; excellent manage ment; proven products; and a labor component of 20 to 30 percent of the cost of goods sold.
Well, we did a study. How many companies in the United States meet this criteria? The number of companies meeting this criteria employ million workers and million of those workers are production workers. That is the work that under this plan would head south.
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