Page S-14875 Temp. Workforce Development Act of 1995 . . . As reported, S. 143, the Workforce Development Act of 1995, will replace more than 80 Federal workforce employment and workforce education programs with a single program. That program will provide 93 percent of the authorized funds to the States in grants with minimal Federal requirements. The Kassebaum substitute amendment would make changes agreed to by the bill managers.
Prices drop, incomes increase, and the economy expands whenever trade barriers are lowered.
However, not everyone benefits. Particular industries always suffer when a new trade agreement lowering tariffs is reached. Industries that are internationally competitive benefit as they increase their exports, but industries that are not internationally competitive suffer as their markets are taken by imported products. These latter industries, in effect, are sacrificed by the Government for the greater public good. When the Government deliberately destroys some industries, and thus jobs, in order to meet a greater public good, it owes assistance to the people whose jobs are lost.