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Updated: May 25, 2025
Professor Streightoff estimated three years ago that the average annual loss in this country through unemployment is 1,000,000 years of working time. Perhaps one-tenth of working time might be taken as a very conservative general average loss. But the worst feature of the whole problem is that, in certain industries at least, the tendency to seasonal unemployment is increasing.
"Germany could readily train her masses with a view to industrial efficiency, whereas our industrial efficiency is only one of the efficiencies we care about; the American wishes to develop in many other ways, and to have his educational system help him to do it." New York Times, Nov. 12, 1911. F. H. Streightoff, "The Standard of Living among the Industrial People of America."
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