NAFTA Destroying Iconic American Industries

Source Bango Daily News:

But in the decade after NAFTA’s authorization more than 1 million jobs were lost because imports increased, said the Economic Policy Institute, a left-leaning think tank.

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"The impact of mill closings on Maine’s communities is obviously devastating, especially on the middle class," said Democratic 1st District Rep. Tom Allen, who said he is working to increase aid to laid-off workers.

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In addition to helping those hurt by deals such as NAFTA, Democratic Rep. Michael Michaud of the 2nd District is working on legislation to create a new trade model. NAFTA became the model for subsequent free-trade agreements in Peru, Panama and South Korea, which have contributed to additional off-shoring of jobs.

"I think that’s a failed model," Michaud said of NAFTA. "You look at shoes, the textile industry, the paper industry — they’ve all dramatically been affected [by free trade] because it’s very difficult to compete with countries that pay very little."

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