quote:Originally posted by Jugflier:quote:If you are talking the about the empty buildings where T-Shirt plants used to be that was only a matter of time anyway
Glad you can tell the future. You got any stock tips?
Has nothing to do with predicting the future, before NAFTA was ever passed apparel companies were already flocking to Mexico because before NAFTA wages in Mexico for that type work was generally less than the equal of 70 cents per hour compared with around $7 to $10 per hour here. NAFTA did not reduce costs to import all of that much, it eliminated a tax on goods made in Mexico and allowed raw materials to go back and forth during the manufacturing process without paying a tax but we still have the broker fees at the border. Sad thing is that in Mexico since wages have gone up so much the apparel companies have started to migrate to China (again not a "future prediction", just saying what's already happening).
Most people have very little understanding about what NAFTA is and the ones that bash it are mostly very ignorant on the subject, if NAFTA were to be repealed there would be a lot of jobs leaving both the U.S. and Mexico, it would have some negative effect on Canada but as things are right now NAFTA makes it very easy to export to Canada from the U.S. which of course means more jobs here at home.