[Congressional Record Volume 142, Number 73 (Wednesday, May 22, 1996)]
[House]
[Page H5386]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        UNEMPLOYMENT IN AMERICA

  (Mr. DUNCAN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. DUNCAN. Mr. Speaker, last night on the national news it was 
reported that Americans who have lost their jobs in the 1990s have had 
to stay out of work much longer than those who lost jobs in the 1980s.
  In addition, those who have lost jobs in the 1990s have almost always 
ended up having to take jobs paying much less than the ones they lost, 
paying much less than the ones they lost. One and one-half million 
people have lost good jobs due to corporate downsizing in the last 3 
years. We lost 3 million jobs last year due to our trade deficit with 
other countries. Our unemployment rate is relatively low, but our 
underemployment rate is terrible.
  Most college graduates cannot find jobs in their degree fields, and 
we are ending up with the best educated waiters and waitresses in the 
world, yet our Federal Government continues to overtax and even worse 
overreguate our economy.
  Today Government regulations and redtape are making it extremely 
difficult for small businesses and small farms to survive. We hear 
about economic insecurity, but many have been lulled into a false sense 
of complacency, primarily because the stock market is high.

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