From daemon Sun Jun 11 21:15 EDT 1995 Received: from crash.cts.com (crash.cts.com [192.188.72.17]) by town.hall.org (8.6.12/941123.08ccg) with SMTP id VAA07815 for ; Sun, 11 Jun 1995 21:01:25 -0400 Received: by crash.cts.com (Smail3.1.28.1 #23) id m0sKxua-0001rHC; Sun, 11 Jun 95 18:03 PDT Date: Sun, 11 Jun 1995 18:03:28 -0700 (PDT) From: William Dreubushenko To: "Sen. Mack" cc: Char Roberts , wdrew@cts.com, uwsa@shell.portal.com Subject: U.S. Congressional Hearing: Economy in the 21st Century Message-ID: MIME-Version: 1.0 Content-Type: TEXT/PLAIN; charset=US-ASCII Content-Length: 970 Status: RO Attention Senator Mack, Chairman Subj: U.S. Congressional Hearings: Economy in the 21st Century Proponents of global trade talk of new wealth to be gained from these agreements. Upon Closer examination the economic groups to benefit are the ones who need it least; the top 10 to 20% of the economic pyramid. In the United States, 75% (and growing) of our work force is 3d world capable, and these are the jobs leaving the United States. Q: Under the "global trade" scenario, what is to become of this mass (85-95 million) of workers? Before answering consider the workers who fit into this group: a. they are taxpayers, whose rolls will dwindle, their income levels will drop, and collectable taxes will decrease. b. they are candidates for unemployment checks and welfare. c. who will pay for "retraining", and "retraining" for what? Thank you for your answer. Wm. Drebushenko, 619/945-4516 FAX 619/732-0104 wdrew@cts.com f/n econmack.j95