What economist has ever heard of a labor shortage resulting in flat or declining pay?

Algore argues for free-trade.

Ross Perot argues for protectionism.

Well heres the text of the 1993 NAFTA debate:

http://powerpresentations.b logs.com/NAFTA.pdf

AlGore says:

Quote:
In 1987, before Mexico started lowering its taxes at the border, its tariffs, we had a $5.7 billion trade deficit with Mexico. After five years, the goods we make and sell into Mexico, the volume has been growing twice as fast as the good they make and sell in the United States. So, last year we had a 5.4 billion trade surplus. Now, if that trend continued for another two years, and NAFTA will, by removing those barriers, greatly accelerate it, we will have a larger trade surplus with Mexico than with any country in the entire world.

US Mexico trade ballance (from US perspective): http://www.census.gov/foreign-trade/balance/c2010.html

1985 -5.5 billion dollars
1986 -4.9 billion dollars
1987 -5.7 billion dollars
1988 -2.6 billion dollars
1989 -2.2 billion dollars
1990 -1.9 billion dollars
1991 +2.0 billion dollars
1992 +5.4 billion dollars
1993 +1.6 billion dollars
1994 +1.3 billion dollars
(NAFTA comes online, January 1st 1994)
1995 -15.8 billion dollars
1996 -17.5 billion dollars
1997 -14.5 billion dollars
1998 -15.9 billion dollars
1999 -22.8 billion dollars
2000 -24.6 billion dollars
2001 -30.0 billion dollars
2002 -37.1 billion dollars
2003 -40.4 billion dollars
2004 -45.0 billion dollars
2005 -49.7 billion dollars
2006 -64.3 billion dollars
2007 -60.0 billion dollars and counting…

Who’s prediction turned out correct?

1. http://suyuy.blogspot.com/2007/10/computer-jobs-h-1b-new-applictions-for.html

2. http://newhaven.craigslist.org/eng/439669977.html

Also, check out these two posts: flood of comments, including some from H-1B visa holders themselves, saying there is no need for increased H-1B visas.

1. http://fsbfeatures.blogs.fsb.cnn.com/2007/09/25/should-the-us-grant-more-h-1b-visas/

2. http://globaleconomicanalysis.blogspot.com/2007/10/shortage-of-skilled-labor.html

Check out this Discrimination lawsuit story.

Director of Engineering Wayne Rosing, eventually said he was not a good “cultural fit” at Google, where some colleagues referred to him as an “old guy” and “fuddy-duddy,”