Against NAFTA
NAFTA is the North American Trade Agreement established in January, of 1994 between the three countries part of North America; United States, Canada, and Mexico. In the beginning, NAFTA's main goal was to strengthen the economic relations between Canada, the U.S., and Mexico. To get the public's approval, they used free trade concepts in the agreement, promising to improve labor conditions, and have better benefits for all workers. In contrary to this plan, NAFTA ended up benefitting mainly investors and large corporations instead. As a result, NAFTA has been a failure, increasing unemployment as well as decreasing wages for thousands of workers.
In our posters we have proven that since there are less trade barriers that exist between the countries it has been been decreasing the prices of goods, but increasing the amount of goods. Although there is a lower opportunity cost, it results in less employment in the U.S. and more specialized jobs instead. In Mexico the wages have been decreasing with how much Mexico has been buying goods from the U.S., which has been decorating the peso without the trade barriers. This is shown with each boat representing a country, and how their economy is falling. …show more content…
Since it’s a free trading zone, there are no trade barriers, meaning no tariffs on any imports which has been the number one leading cause of increased unemployment in the U.S.. For example, as the U.S. continues to receive imports from Mexico less jobs are necessary, leaving a lot of people out of work in the U.S.. For Mexico, their economy has benefitted by it with the amount of workers needed for producing goods for the U.S. but as a result decreasing the wages of the workers, and leaving Mexico's economy to grow at a much slower
NAFTA is the North American Trade Agreement established in January, of 1994 between the three countries part of North America; United States, Canada, and Mexico. In the beginning, NAFTA's main goal was to strengthen the economic relations between Canada, the U.S., and Mexico. To get the public's approval, they used free trade concepts in the agreement, promising to improve labor conditions, and have better benefits for all workers. In contrary to this plan, NAFTA ended up benefitting mainly investors and large corporations instead. As a result, NAFTA has been a failure, increasing unemployment as well as decreasing wages for thousands of workers.
In our posters we have proven that since there are less trade barriers that exist between the countries it has been been decreasing the prices of goods, but increasing the amount of goods. Although there is a lower opportunity cost, it results in less employment in the U.S. and more specialized jobs instead. In Mexico the wages have been decreasing with how much Mexico has been buying goods from the U.S., which has been decorating the peso without the trade barriers. This is shown with each boat representing a country, and how their economy is falling. …show more content…
Since it’s a free trading zone, there are no trade barriers, meaning no tariffs on any imports which has been the number one leading cause of increased unemployment in the U.S.. For example, as the U.S. continues to receive imports from Mexico less jobs are necessary, leaving a lot of people out of work in the U.S.. For Mexico, their economy has benefitted by it with the amount of workers needed for producing goods for the U.S. but as a result decreasing the wages of the workers, and leaving Mexico's economy to grow at a much slower