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Free Trade Fact of the Day

Posted By Conn Carroll On April 1, 2008 @ 10:51 am In International | Comments Disabled

Today’s Free Trade Fact of the Day [1] comes from Heritage’s own Ambassador Terry Miller who takes a close look at each of the candidates’ views on trade [2]. Before examining some of the candidates’ evolving positions on NAFTA, Amb. Miller lays out some facts comparing the first 13 years under NAFTA with the 13 previous years:

  • During NAFTA, U.S. employment went up from 112.2 million jobs to 137.2 million jobs, an increase of 25 million jobs. We haven’t really heard Ross Perot’s giant sucking sound.
  • The average unemployment rate during NAFTA has been 5.1 percent, compared to 7.1 percent during the 13 years before its passage.
  • Manufacturing output rose 63 percent between 1993 and 2006, compared to 37 percent between 1980 and 1993.
  • Real compensation of manufacturing workers rose 1.6 percent annually during NAFTA as com­pared to 0.9 percent annually in the prior period.
  • Investment rose 107 percent, compared to 45 percent in the comparable prior period.
  • So by all these indicators, we have been better off during NAFTA than we were before its passage.

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2008/04/01/free-trade-fact-of-the-day-19/

URLs in this post:

[1] Free Trade Fact of the Day: http://www.foundry.org/2008/03/06/free-trade-fact-of-the-day/

[2] close look at each of the candidates’ views on trade: http://www.heritage.org/Research/TradeandForeignAid/hl1072.cfm

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