Since NAFTA began in 1994, the economy was already pretty bad, but since then, it has worsened. There is a loss of jobs for Americans because labor in Mexico is cheaper. In Mexico, workers make $3 per hour, while Americans make $18 per hour, so it is logical that American companies would want to move to Mexico. “In the first decade of this century, America lost 56,190 factories, 15 a day” (IndustryWeek). For example, Nabisco will be moving to Mexico and 600 employees will be losing their jobs. Also, the United States’ trade deficit, or when a country imports more than it imports, is as at an all-time high with Mexico. Since NAFTA has started, there are now maquiladoras. Maquiladoras are foreign-owned manufacturing plants that normally import products that are made in Mexico and then are exported tariff- free. This causes a major issue for the people who are working in the maquiladoras because they are working for less money. These maquiladoras do not help with the growth of Mexican production. In Canada, the per capita income decreased for the first seven years after the
Since NAFTA began in 1994, the economy was already pretty bad, but since then, it has worsened. There is a loss of jobs for Americans because labor in Mexico is cheaper. In Mexico, workers make $3 per hour, while Americans make $18 per hour, so it is logical that American companies would want to move to Mexico. “In the first decade of this century, America lost 56,190 factories, 15 a day” (IndustryWeek). For example, Nabisco will be moving to Mexico and 600 employees will be losing their jobs. Also, the United States’ trade deficit, or when a country imports more than it imports, is as at an all-time high with Mexico. Since NAFTA has started, there are now maquiladoras. Maquiladoras are foreign-owned manufacturing plants that normally import products that are made in Mexico and then are exported tariff- free. This causes a major issue for the people who are working in the maquiladoras because they are working for less money. These maquiladoras do not help with the growth of Mexican production. In Canada, the per capita income decreased for the first seven years after the