Yes, growth is real wages is another sign that NAFTA was a disaster.
Do you think nairBResal would be surprised to know that real wages for all workers fell 8% in the decade before NAFTA was passed?
He may also be surprised to learn that we gained about 2 million construction jobs from 1994-2004, which paid well. In 2004, the average hourly wage for construction workers was $19.23 up from $14.38 per hour in 1994. Construction wages showed losses in the 1984-94 pre-NAFTA period.
Hourly Earnings for All Workers
I always thought construction was one of the industries the protectionists have said was a prime example of wage arbitration and the race to the bottom. Hmmmm. Could they be wrong about other things too?
$0.06 x 40 x 52 = $124.80
$8.20 x 40 x 52 = $17056.00
$124.80 / $17056.00 = 0.7%
Only a PIMP could be proud of this kind of performance.