Time flies when you’ve been screwed. I’m going to write some more about this but, for the time being, let’s not forget that it’s been 20 years since NAFTA was passed…and it was bad shit then and bad shit now.

Public Citizen has the upshot in a very important report:

Rather than creating in any year the 170,00 jobs per year promised by former President Bill Clinton on the basis of  Peterson Institute for International Economics projections, job loss from NAFTA began rapidly:

• American manufacturing jobs were lost as U.S. firms used NAFTA’s new foreign investor privileges to relocate production to Mexico to take advantage of that country’s lower wages and weaker environmental standards, and as a new flood of NAFTA imports swamped gains in exports, creating a massive new trade deficit that equated to an estimated net loss of one million U.S. jobs by 2004. A small pre-NAFTA U.S. trade surplus of $2.5 billion with Mexico turned into a huge new deficit, and a pre-NAFTA $29.1 billion deficit with Canada exploded. The NAFTA-spurred job loss has not abated during NAFTA’s second decade, as the burgeoning post-NAFTA U.S. trade deficit with Canada and Mexico has not declined.

• More than 845,000 U.S. workers in the manufacturing sector have been certified for Trade Adjustment Assistance (TAA) since NAFTA because they lost their jobs due to imports from Canada and Mexico or the relocation of factories to those countries. The TAA program is quite narrow, covering only a subset of jobs lost at manufacturing facilities, and is difficult to qualify for. Thus, the NAFTA TAA numbers significantly undercount NAFTA job loss.

• NAFTA contributed to downward pressure on U.S. wages and growing income inequality. According to the U.S. Bureau of Labor Statistics, two out of every three displaced industrial workers who were rehired in 2012 experienced wage reductions, most of more than 20 percent. As increasing numbers of workers displaced from manufacturing jobs joined the glut of workers competing for non-offshorable, low-skill jobs in sectors such as hospitality and food service, real wages have also fallen in these sectors since NAFTA. The resulting downward pressure on wages has fueled recent growth in income inequality.

• Scores of NAFTA countries’ environmental and health laws have been challenged in foreign tribunals through the controversial investor-state dispute resolution system. More than $360 million in compensation to investors has been extracted from NAFTA governments via “investor-state” tribunal challenges against toxics bans, land-use rules, water and forestry policies and more. More than $12.4 billion is currently pending in such claims, including challenges of medicine patent policies, a fracking moratorium and a renewable energy program.

• The average annual U.S. agricultural trade deficit with Mexico and Canada under NAFTA stands at $800 million, more than twice the pre-NAFTA level. U.S. beef imports from Mexico and Canada, for example, have risen 130 percent. This stands in stark contrast to the promises made to U.S. farmers and ranchers that NAFTA would allow them to export their way to newfound wealth and farm income stability. Despite a 188 percent rise in food imports from Canada and Mexico under NAFTA, the average nominal price of food in the United States jumped 65 percent since NAFTA went into effect.

• The reductions in consumer goods prices that have materialized have not been sufficient to offset the losses to wages under NAFTA; U.S. workers without college degrees (63 percent of the workforce) likely have lost a net amount equal to 12.2 percent of their wages even after accounting for gains from cheaper goods. This net loss means a loss of more than $3,300 per year for a worker earning the median annual wage of $27,500.

• The export of subsidized U.S. corn did increase under NAFTA, destroying the livelihoods of more than one million Mexican campesino farmers and about 1.4 million additional Mexican workers whose livelihoods depended on agriculture.

• The desperate migration of those displaced from Mexico’s rural economy pushed down wages in Mexico’s border maquiladora factory zone and contributed to a doubling of Mexican immigration to the U.S. following NAFTA’s implementation.

• Though the price paid to Mexican farmers for corn plummeted after NAFTA, the deregulated retail price of tortillas – Mexico’s staple food – shot up 279 percent in the pact’s first 10 years.

• Facing displacement, rising prices and stagnant wages, more than half the Mexican population, and more than 60 percent of the rural population, still falls below the poverty line, despite the promises that NAFTA would bring broad prosperity to Mexicans.

·        Real wages in Mexico have fallen significantly below pre-NAFTA levels as price increases for basic consumer goods have exceeded wage increases. A minimum wage earner in Mexico today can buy 38 percent fewer consumer goods than on the day that NAFTA took effect. Despite promises that NAFTA would benefit Mexican consumers by granting access to cheaper imported products, the cost of basic consumer goods in Mexico has risen to seven times the pre-NAFTA level, while the minimum wage stands at only four times the pre-NAFTA level.

The spawn of NAFTA — Central American Free Trade Agreement, for example — have cost jobs and decent living standards ways beyond NAFTA. For that we can thank both political parties.