U.S. Economy DEAD — Recession Will Become DEPRESSION
Investmentwatchblog.com
November 24th, 2014
Over 100 Million Now Receiving Federal Welfare
The promised trade surpluses with Mexico turned out to be deficits, some hundreds of thousands of jobs were lost, and there was downward pressure on US wages
More than 845,000 specific U.S. workers have been certified for Trade Adjustment Assistance (TAA) as having lost their jobs due to imports from Canada and Mexico or the relocation of factories to those countries
The average annual U.S. agricultural deficit with Mexico and Canada in NAFTA’s first two decades reached $975 million, almost three times the pre-NAFTA level.
factory jobs in the 1980s. Back then, manufacturing accounted for about 20% of all jobs in the country. Now it accounts for less than 9%.
