NAFTA page 37

"My Mommy and Daddy Got Their Mortgage
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entire Democratic delegation,
union representatives and bil-
lionaire Ross Perot — say no
way.
Despite side agreements
added to NAFTA aimed at pro-
tecting labor and ensuring high
environmental standards, op-
ponents say manufacturing
jobs will be lost to those work-
ers in Mexico, who work for a
fraction of an average Ameri-
can wage. And they worry
about Mexico's shabby envi-
ronmental conditions.
The administration's plan
to retrain workers who lose jobs
because of any further migra-
tion to Mexico is not enough to
satisfy Michigan's congres-
sional delegation.
The bottom line, according
to union officials and those like
House Majority Whip David
Bonior, means job losses in
Michigan.
Consider these statistics
from the U.S. Department of
Labor:
* Current U.S. tariffs on
Mexican goods average 4 per-
cent, while Mexican tariffs av-
erage 10 percent.
* The U.S. has a trade sur-
plus with Mexico. Shipments
to Mexico grew from $12.4 bil-
lion in 1986 to $40.6 billion in
1992. The Labor Department
estimates that this has creat-
ed 700,000 import-export jobs
in the U.S.
Consider these facts as stat-
ed by those opposing NAFTA:
* Already, 70 U.S. auto
plants have moved to Mexico,
meaning estimated thousands
of job losses. If NAFTA is ap-
proved, 5.9 million jobs are
threatened throughout the
U.S.
* Of the 5.9 million jobs
threatened, Michigan stands
to lose 237,500 in manufactur-
ing. ❑

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Scitex has received some $20

million in new orders from its

participation in this month's
IPEX trade show in Birming-
ham, England, said a compa-
ny executive.
During the show, Scitex in-
troduced about 20 new prod-
ucts and technologies used in
its computerized electronic pre-
press products.
The executive did not think
this would be sufficient to push
Scitex's third quarter sales
higher than forecasted.
"We told analysts on August
10, when we announced our
second quarter results, that
third quarter results would be
close to or slightly less than
those of that quarter and this
will not change," he said. ❑

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39