U.S. Manufacturing Output, Compensation Show Strong Growth
Created on June 5, 2014
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U.S. manufacturing output today is 42 percent higher than it was in 1994 when NAFTA took effect. Additionally, compensation for manufacturing workers is up 21 percent.
Source: Federal Reserve of St. Louis, “Manufacturing Sector: Real Output,” http://research.stlouisfed.org/fred2/series/OUTMS (accessed May 29, 2014), and Federal Reserve of St. Louis, “Manufacturing Sector: Real Compensation per Hour,” http://research.stlouisfed.org/fred2/series/COMPRMS (accessed May 29, 2014).
CHART 2 • IB 4236
Tags: NAFTA, North-American-Free-Trade-Agreement, United-States, Mexico, TPP, Trans-Pacific-Partnership, Transatlantic-Trade-and-Investment-Partnership, TTIP, trade, free-trade,