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It is not merely the adjustment of the wage scale to the profits of the capitalist by class conflict or peaceful bargaining, nor is it the problem of unemployment or official labor.
We cannot report, despite all the progress that we have made in our domestic problems despite the fact that production is back to 1929 levels that all our problems are solved. The fact of unemployment of millions of men and women remains a symptom of a number of difficulties in our economic system not yet adjusted.
The worst unemployment remains far too high. Today, nearly 1,700,000 more Americans are working than at the bottom of the recession. At year's end, people were again being hired much faster than they were being laid off. Yet, let's be honest. Many Americans have not yet felt these changes in their daily lives.
The preceding winter had seen much unemployment and considerable distress and in the summer industrial conditions became scarcely improved. In the large cities demonstrations by the unemployed were daily occurrences.
And, of course, the most far-reaching and the most inclusive problem of all is that of unemployment and the lack of economic balance of which unemployment is at once the result and the symptom. The immediate question of adequate relief for the needy unemployed who are capable of performing useful work, I shall discuss with the Congress during the coming months.
She was again facing indefinite unemployment. Her income for the year had been $281. She lived in a large, pleasant home for girls, where she paid only $2.50 a week for board and a room shared with her sister. Without the philanthropy of the home, she could not have made both ends meet.
"And I've heard it's nothing here to what it is on the mainland," said Baker Jorgen. "There the unemployed are numbered in tens of thousands." "How can they live, all those thousands of poor people, if the unemployment is so great?" asked Bjerregrav. "The need is bad enough here in town, where every employer provides his people with their daily bread."
I again commend the matter to the consideration of the Congress. As an aid to unemployment the Federal Government is engaged in the greatest program of public-building, harbor, flood-control, highway, waterway, aviation, merchant and naval ship construction in all history. Our expenditures on these works during this calendar year will reach about $780,000,000 compared with $260,000,000 in 1928.
Social security, socialized medicine, unending unemployment insurance, old age pensions, pensions for veterans, for widows and children, for the unfit, pensions and doles for this, that and the other, had doubled, and doubled again, until everyone had security for life. The Uppers, true enough, had opulence far beyond that known by the Middles and lived like Gods compared to the Lowers.
M.A.; Fellow of Clare College, Cambridge; Lecturer in Economics; Secretary to the Cotton Control Board from 1917-1919. Mr. Henderson said: From one point of view the existence of an unemployment problem is an enigma and a paradox.
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