NAFTA Raised Wages In The U.S., Mexico And Canada, Study Finds

Critics claim that the North American Free Trade Agreement (NAFTA) hurt American workers. But apparently NAFTA raised U.S. wages, according to a new study.

Wages, when adjusted for inflation, rose as a result of NAFTA in the countries that signed the free-trade agreement — the United States, Mexico, and Canada — according to a new paper by Yale economist Lorenzo Caliendo and Federal Reserve economist Fernando Parro. NAFTA, a free trade agreement between Mexico, Canada and the U.S. inked in 1993, boosted trade between the three countries, tearing trade down barriers such as tariffs.

via NAFTA Raised Wages In The U.S., Mexico And Canada, Study Finds.

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