Dated but still relevant as the trend continues.
Three years into NAFTA, 60 of 67 company-specific promises made by NAFTA advocates have been broken: the promises did not even come close to being fulfilled. That is, 89 percent of the companies that we contacted had not made any significant steps towards fulfilling their promises of U.S. job creation or export expansion. The broken promises pervade American business and cut across regional and industrial sectoral lines.
Three years into NAFTA, 90 percent of the NAFTA advocates promises to increase U.S. jobs (46 of 51) have been broken; 87 percent of the promises to increase U.S. exports (14 of 16) have been broken.
According to data available under one narrow Department of Labor NAFTA re-training program, NAFTA TAA, the NAFTA-related job loss for the collection of companies in this report has increased 276% since our first edition in September 1995; the number of jobs lost due to a "shift in production to Mexico" for this group has increased by 480%. This does not even count more than 600 jobs lost due to a "shift in production to Mexico" from Lucent Technologies (formerly AT&T) and Siemens whose 1993 job creation promises had been found since the previous report, and thus are not included in this comparison.
Allied Signal, General Electric, Johnson and Johnson, Kimberly-Clark (formerly Scott Paper), Lucent Technologies (formerly AT&T), Mattel, Proctor and Gamble, Siemens, Whirlpool, Xerox and Zenith all made specific promises to create or maintain jobs, and all have laid off workers because of NAFTA as certified by the U.S. Department of Labors NAFTA TAA program.
Five companies claim to have kept their specific promises to create new jobs at certain locations through NAFTA. Yet, while Zenith created some new jobs at a plant it had cited, its relocations to Mexico of other plants under NAFTA has resulted in Zenith having a net NAFTA job loss of more than 290 jobs. Net job creation numbers of other firms were not impressive
