Is NAFTA good for US or not?
good
Side Score: 21
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Not good
Side Score: 22
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2
points
NAFTA is good for US. NAFTA eliminated tariffs and trade increased to $1.14 trillion in 2015. The prices on groceries are lower. Various industries also benefit from NAFTA such as agriculture, automotive, as well as services like health care and financial services. Jobs were also created -- about 800,000 jobs were created by manufacturers in the first four years of NAFTA's creation. Also, NAFTA decreases the US's reliance on the Middle East for oil. Side: good
NAFTA has helped boost the US economy in many different ways. It created an increase of about 5 million US jobs along with increasing the average wage. NAFTA was also good for the US's GDP, adding 0.5%, that's around 8 billion dollars. NAFTA is one of the greatest trade agreements in history. Side: good
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NAFTA is great idea. It has increased trade by 4x, it increased the US's economic growth, profits, and it also created over 5 million jobs within the US. It even increased many individual's average wages.With NAFTA, it increased the imports and the exports that the US receives. Side: good
NAFTA is good for the United States, it has quadrupled trade between America, Mexico and Canada. It has mostly lowered prices for American consumers (groceries and oil). NAFTA has also increased the amount of jobs in the US, it created almost 800,000 job in manufacturing in just the first 4 years. Canada and Mexico have invested billions of dollars in America since NAFTA was created. Side: good
NAFTA is great for the U.S. economy. Without it we could see a domino effect of losing between 5 to 14 million jobs. Starting with manufacturers who are shipping the goods out who now have to raise prices to deal with the newly formed tariffs. But this will also effect the selling industry who will lose consumers due to the rising price of goods. Side: good
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The pros of NAFTA completely outweigh the cons. First of all, NAFTA quadrupled trade for the US, as the US's exports increased from $140 billion to $520 billion. Imports from Canada and Mexico increased from $150 billion to $590 billion, which accounts for 26% of our imports. Also, GDP growth raised by as much as 0.5% each year. Those arguing that the US is losing jobs, NAFTA has actually created 5 million US jobs. Side: good
NAFTA has had a positive increase on not only US trade but also US relationships with Mexico and Canada, it has created partners not competitors. In 1993 trade was roughly at $290 billion while in 2016 it peaked $1.1 trillion. Not only have we benefited financially from NAFTA but it also provides a lot of jobs for Americans. 14 million jobs rely on trade with Canada and Mexico, 6 million depend on Mexico alone. Side: good
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It's just one more thing that's moving jobs from the United States to other places in the world. We need to give people opportunities to have jobs and be productive. Bringing in goods and services through NAFTA destroys industries here by flooding the market with cheaper versions of products we already make. Side: Not good
It will flood the market at first. Then markets will adjust: workers gain new skills as demand for unskilled labor lessens. We are in another phase of globalization brought on by the information revolution. In such times, there is always an impulse to protect outmoded markets from inevitable change. Countries that embrace the change first win. Side: good
2
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NAFTA is not really good. NAFTA is slacking because it's leading to the loss of nearly a million American manufacturing jobs to Mexico. NAFTA led to so many problems with truckers. With free trade throughout the continent and the countries' different regulations on 18 wheelers, there were so many traffic issues in Mexico and the US with different sized trucks that don't fit the other countries regulations. Side: Not good
Nafta has advantages but the disadvantages should not be overlooked. NAFTA has caused many Mexican farmers to lose their jobs due to the removal of trade tariffs. This allowed companies to export goods such as corn and grain to Mexico below cost. Therefore rural farmers can not compete. Side: Not good
1
point
Mexico has a minimum wage of about 3.9$ U.S. dollars which is nearly half of the minimum wage in the united states. This opens a cheaper labor force in mexico which allows for peoples jobs in the united states to be lost to a Mexican labor force. millions of people have lost jobs in the united state and yes jobs have been created by NAFTA but not enough to replace the ones lost. Side: Not good
NAFTA is not good because it has resulted in mass unemployment, due to hundreds of thousands of jobs being lost overseas. Wages of the middle and lower class have remained stagnant while the upper class has seen their wages skyrocket. It has resulted in the financial boom of the large businesses at the expense of the working class in America. While jobs were created, the losses far outweighed the gains, and workers who were able to keep their jobs in unskilled labor were forced to take lower wages because of cheap labor being used elsewhere. Side: Not good
Sure there are many advantages, but both the United States and Mexico have not entirely benefited from NAFTA. Mexico’s farmers have been basically pushed into oblivion with the aid of NAFTA’s premises. Also, NAFTA led to a significant decline in the US’s manufacturing jobs. NAFTA seems to be superbly formulated but has several downfalls for all countries involved. Side: Not good
1
point
NAFTA is not a good trade agreement for the United States. About 682,900 US jobs in manufacturing have been lost. Some factories have suppressed wages, which produces more people living poorly in the country. In addition to the losses in the US, Mexico's farmers were also losing money because they were put out of business due to cheaper goods coming out of America. Because of this deal, Mexico has also gotten into a pollution problem totaling $36 billion per year. Side: Not good
1
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NAFTA is not a good deal for the U.S.. It only grew the United States's GDP by .01%. NAFTA has also damaged American workers. They have lost their ability to bargain their wages with companies threatening to move to Mexico. Also south of the border this agreement has put Mexican farmers out of business. Side: Not good
NAFTA is not good for US because according to a study from Economic Policy Institute, they found the trade deficit with Mexico and Canada ballooning more than tenfold from $17 billion to $177.2 billion between 1993 and 2013. Because of this, 851,700 American jobs were displaced, causing companies to move production facilities out of the country to find cheaper labor. Side: Not good
The reason I personally think NAFTA isn't any good is because of the job lose in the United States. About 61% of job loss that requires manufacturing and/or factory was caused by NAFTA because of cheaper labor in Mexico. Another thing is that sooner or later they could even be paid the same as our workers which in turn in their country is worth a lot more than our workers are getting pain right now. Side: Not good
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