Nearly 15 years after passage of the controversial North American Free Trade Agreement (NAFTA), the Democratic presidential primary race has pushed the debate about trade back to center stage. Polls show that growing numbers of Americans, including Republicans, think NAFTA has been a loser for them and the nation, and many politicians agree.
What does the record actually show? When Congress voted on NAFTA, critics and proponents agreed that the deal should be measured by whether the U.S. trade deficit rises or falls, which would affect the composition of jobs in the economy. Further, economists have long known that the main impact of exposing the blue-collar workforce to low-wage competition would be stagnation in U.S. workers' wages overall, not just in manufacturing.
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