United States or Saint Vincent and the Grenadines ? Vote for the TOP Country of the Week !
But this can be safely attributed to ubiquitous and trenchant long-term unemployment and to stunted upward mobility, both social and economic due largely to latent or expressed racism. Moreover, the stereotype is wrong.
To what trades ought we, as a beginning, to apply this system of compulsory contributory unemployment insurance? There is a group of trades specially marked out for the operation of such a policy.
The panic had produced unemployment and distrust, and the violent reprisals of the American Railway Union had reaped a harvest of bitterness and disloyalty.
They will put an end to that portion of unemployment that is merely local or accidental in character. They are the only means of grappling with the evils of casual employment, with all its demoralising consequences. They are capable of aiding the process of dovetailing one seasonal trade into another.
But unemployment, accident, sickness, and the death of the bread-winner are catastrophes which may reach any household at any moment.
It was clear, therefore, that if this country were to continue to receive supplies of corn and meat, of cotton and wool, of hides and timber, something further must be done. The question the Government had to decide was what steps could be taken to safeguard the food of the people, and to avoid a crushing volume of unemployment through the lack of the raw materials of industry.
There are, of course, only a few government positions, and these are rushed after by a swarm of office-seekers, but campaign orators have talked so much about a full dinner pail and the government as the advance agent of prosperity, that there seems to be a popular notion that the government, as if by a magician's wand, could cure unemployment, allay panics, dispel hard times, and increase a man's earning power at will.
If tariff reform or protection, or fiscal reform, or whatever you choose to call it, is no remedy for unemployment and it is pretty clear from the experience of other countries who have adopted it on a large scale that it is not neither is free trade by itself a remedy for unemployment.
The natural result was the tendency of business agencies throughout the country to pause in their plans and proposals for continuation and extension of their businesses, and this hesitation unchecked could in itself intensify into a depression with widespread unemployment and suffering.
Unemployment right now is the lowest it has been since 1974, and not since World War II has such a high percentage of American people been employed. The rate of inflation went down. There was a good growth in business profits and investments, the source of more jobs for our workers, and a higher standard of living for all our people.
Word Of The Day