Let us take care of our economy. Mr. Greenspan wants to take up inflation. Seems to me Mr. Greenspan would address his concern to inflated salaries at the top levels, and deal not so much and scrutinize not so much the wages paid to people at the very bottom. If the gentleman and the gentlewoman would recall the arguments around NAFTA, do you remember that some people were saying that if we pass NAFTA and NAFTA becomes law, that American standards then would become global standards? So we did not have to fear about workers' wages going down, because workers' wages would go up. We did not have to fear about environmental standards going down because environmental standards were going up. I do not know that that has been the experience.
Burgess Owens: “Let us take care of our economy. Mr. Greenspan wants to take up inflation. Seems to me Mr. Greenspan would address his…”
Editor's note · Context
Discussing economic concerns and the impact of NAFTA on wages and standards.
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