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Updated: May 17, 2025
All are to a certain extent conditioned by the productivity of our glands of internal secretion."
Better, more active harbors translate into stable jobs in our coalfields, railroads, trucking industry, and ports. After 2 years of debate, it's time for us to get together and enact a port modernization bill. Education, training, and retraining are fundamental to our success as are research and development and productivity.
Not only has he developed distinctly new species, but he has elucidated the intensive art of getting $1200 out of an electrical acre instead of $12 a manured market-garden inside London and a ten-bushel exhausted wheat farm outside Lawrence, Kansas, being the antipodes of productivity yet very far short of exemplifying the difference of electrical yield between an acre of territory in Edison's "first New York district" and an acre in some small town.
But we mean to maintain both stability and growth in a climate of freedom. Our first line of defense against inflation is the good sense and public spirit of business and labor keeping their total increases in wages and profits in step with productivity. There is no single statistical test to guide each company and each union.
The position of Russia to-day would have been vastly different if the wisdom manifested in the following paragraphs had governed Lenine and his associates in the days when Kerensky was trying to save Russian democracy: Without the direction of specialists of different branches of knowledge, technique, and experience, the transformation toward Socialism is impossible, for Socialism demands a conscious mass movement toward a higher productivity of labor in comparison with capitalism and on the basis which had been attained by capitalism.
Organized fabrication turned out the goods and services which were marketed for profits. The resulting wealth enabled the successful businessmen to build houses, stock them with consumer goods and art treasures, hire servants, live sumptuously. Productivity, wealth, prosperity filled their honey pot to overflowing. Honey pots provide the "good things" of life for their owners.
The valley wanted to get everything to market in one generation, indifferent to the fate of those who should come after-the passes through the mountains being choked by cars carrying to the coasts crops from increasing acreage of declining productivity or the products of swiftly disappearing forests or the output of mines that must soon be exhausted.
It was found that the productivity of labor in loading and unloading shown on this occasion was about 270 per cent. of the normal, and a similar superiority of effort was shown in the other kinds of work. This example was immediately copied on other railways. The Alexandrovsk railway had its first "Saturdaying" on May 17th.
These gains cannot be achieved unless our businessmen maintain their spirit of initiative and enterprise and operate in a competitive economy. They cannot be achieved unless our workingmen and women and their unions help to increase productivity and obtain for labor a fair share of the benefits of our economic system. They cannot be achieved unless we have a stable and prosperous agriculture.
Interest rates reached a staggering 21.5 percent. There were 8 million unemployed. Late in 1981 we sank into the present recession, largely because continued high interest rates hurt the auto industry and construction. And there was a drop in productivity, and the already high unemployment increased. This time, however, things are different.
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