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BEFORE THE

HEARINGS
U.S. Cogus,

1 JOINT ECONOMIC COMMITTEE,
CONGRESS OF THE UNITED STATES

NINETY-SECOND CONGRESS

FIRST SESSION

PART 1

APRIL 2, MAY 7, JUNE 4, JULY 2, AUGUST 6, AND SEPTEMBER 3, 1971

Printed for the use of the Joint Economic Committee

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1972

60-174

For sele by the Superintendent of Documents, U.8. Government Printing Office

Washington, D.C. 20402 - Price $1.25

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JOINT ECONOMIC COMMITTEE
(Created pursuant to sec. 6(a) of Public Law 304, 79th Cong.)

WILLIAM PROXMIRE, Wisconsin, Chairman

WRIGHT PATMAN, Texas, Vice Chairman
SENATE

HOUSE OF REPRESENTATIVES
JOHN SPARKMAN, Alabama

RICHARD BOLLING, Missouri J. W. FULBRIGHT, Arkansas

HALE BOGGS, Louisiana ABRAHAM RIBICOFF, Connecticut

HENRY S. REUSS, Wisconsin HUBERT H. HUMPHREY, Minnesota

MARTHA W. GRIFFITHS, Michigan LLOYD M. BENTSEN, JR., Texas

WILLIAM S. MOORHEAD, Pennsylvania JACOB K. JAVITS, New York

WILLIAM B. WIDNALL, New Jersey JACK MILLER, Iowa

BARBER B. CONABLE, JR., New York CHARLES H. PERCY, Illinois

CLARENCE J. BROWN, Ohio
JAMES B. PEARSON, Kansas

BEN B. BLACKBURN, Georgia
JOHN R. STARK, Erecutive Director
James W. KNOWLES, Director of Research

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FRIDAY, JUNE 4, 1971

Proxmire, Hon. William, chairman of the Joint Economic Committee:

Opening statement..

Goldstein, Hon. Harold, Assistant Commissioner for Manpower and Em-

ployment Statistics, Bureau of Labor Statistics, Department of Labor--

Haveman, Robert H., professor, Department of Economics, University of

Wisconsin.

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