Hurray again! Show us how to cut more!
>> ...and prompted wages to stagnate or even fall
Now you know they are lying. Government spending destroys jobs. A reduction in social spending = more investment capital in the private sector = higher wages.
">> ... NAFTA has led to cuts in social spending...
>> ...and prompted wages to stagnate or even fall"
These are probably related as with wages are beginning to stagnate and/or fall (this due to offshoring generally, not just nafta) then tax receipts would naturally do the same, thus cuts need to be made. In the 80's, this was not so much of a problem because many who were in manufacturing migrated to higher tech fields like IT and telecom. I am sure there will be some next area people can migrate to, but at the moment I am not sure what that would be. Also, I don't think this applies across the board nationally, but it would make sense that in certain regional areas, this is happening. Many of these same areas are also seeing wages depressed by illegals as well, but that is a topic for another thread, I am sure.