In: Economics
The primary objections against NAFTA are that the trade agreement may cause unemployment and lower wages in the U.S. while promoting environmental pollution in Mexico. The problem occurs due to the difference between the labor and environmental regulatory standards of the America and Mexico. Another objection of NAFTA is that it promotes pollution
No, any of these objections were not justified. NAFTA leads to the relocation of many labor-intensive jobs in industries such as furniture, textiles, and automobiles. These firms that do not relocate end up benefits and reducing wages for competing with foreign operations. American corporations move their operations out of the country in order to avoid paying for cleaner practices and ending up creating vast waste with health hazards for the Mexico citizens.
NAFTA helped to boosted U.S. economic growth, rise out of extreme poverty, lowered the price of many goods and doesn't cost us many jobs. It boosted profits for the businesses of America by giving them wider opportunities to develop, and markets to explore. Thus by this way has influenced my personal life.