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Updated: May 17, 2025
It is only on this basis that it is possible to build up an economic system not founded upon tyranny and terror. The power of the economic reformer is limited by the technical productivity of labor.
The national debt will rise to over $500 billion. Our plant capacity and productivity are not increasing fast enough. We depend on others for essential energy. Some people question their Government's ability to make hard decisions and stick with them; they expect Washington politics as usual. Yet, what President Truman said on January 5, 1949, is even more true in 1975.
Not that Berlin has broken down in any way. It is the same great hive of industrialism. Everyone is employed. More are employed than before. The leisured class is smaller. All the workshops and factories and offices are full. The shops display as many wares. There is evidence of an enormous overflowing productivity.
Any condition where there is inactivity, scanty verbal productivity and poor intellectual performance resembles stupor. This triad of symptoms occurs in retarded depressions, in absorbed manic states and in perplexities. Negativism and catalepsy are never well developed except in stupor. So if these symptoms be present the diagnosis is simplified. But they are often absent from a typical stupor.
In general, however, we must continue to rely on our sound system of collective bargaining to set wage scales. Workers' incomes should increase at a rate consistent with the maintenance of sound price, profit, and wage relationships and with increase of productivity.
The shortening of the hours of labor may have somewhat diminished our productivity.
O'Hara came to realise the vast productivity of the mine he had uncovered. He determined that Mrs. Fitzpatrick should tell this tale in court. "We'll bate that divil yet!" he exclaimed to his new-found friend, his brogue taking a richer flavour from his environment.
The leaders of American business and the leaders of American labor those who really have power over wages and prices must act responsibly, and in their Nation's interest by keeping increases in line with productivity. If our recognized leaders do not do this, they and those for whom they speak and all of us are going to suffer very serious consequences.
In a sense it was a self-sufficient, workable, liveable area. Egypt was populous, rich, well organized, with a surplus of wealth, productivity and man-power that could be used outside of its own frontiers.
"And the people who do get what we call opportunity get it usually in extremely limited and cramping forms. No man lives a life of intellectual productivity alone; he needs not only material and opportunity, but helpers, resonators. Round and about what I might call the REAL men, you want the sympathetic cooperators, who help by understanding.
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