U.S. Economy Lost Nearly 700,000 Jobs Because Of NAFTA, EPI Says
The Huffington Post
Maxwell Strachan
First Posted: 05/12/11 01:45 PM ET Updated: 07/12/11 06:12 AM ET
When the North American Free Trade
Agreement was first signed in 1994, proponents said it would eventually
create jobs for the U.S. economy. 17 years later, a new report estimates, the American worker only has hundreds of thousands of job losses to show for it.
According to a report by Economic Policy Institute economist Robert Scott, entitled "Heading South: U.S.-Mexico trade and job displacement after NAFTA," an estimated 682,900 U.S. jobs have been "lost or displaced" because of the agreement and the resulting trade deficit.