Word: jobless
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...Deep cutbacks in military and space expenditures are throwing onto the labor market a corps of highly educated and experienced men and women. To their dismay, these individuals are learning that being overskilled-or too narrowly skilled-can be almost as bad as being undereducated or underskilled. The elite jobless, many of them middle-aged men with families, must try to convince skeptical employers that their mastery of such subjects as missile design, spy-satellite control or the behavior of exotic metals at high altitudes can be adapted to non-defense work...
...numbers of youngsters reaching working age, women who think that their place is not" only in the home, and servicemen returning from Viet Nam. Though they speak for different schools of economics, TIME Board of Economists Members Walter Heller and Beryl Sprinkel join in predicting a rise in the jobless rate from 4.7% in June to 51% or 6% by late...
...which small farmers would band together to farm a large spread that would lend itself to mechanization. Governments would have to help with credits and the construction of irrigation systems. Barbara Ward recommends creating rural agricultural centers that would provide the "agro-industries" necessary to employ the peasants left jobless by the Green Revolution-warehouses, fertilizer plants, facilities to manufacture silos and other storage units, work forces for loading and shipping. Taiwan already has a collective program under way, and so far some 7,000 acres in eight different locations have been consolidated into large production units. In Thailand...
...rate of gain, well above the average postwar advance of about 3.3% a year. The rise, however, resulted mostly from increasing layoffs. Unemployment in June fell to 4.7% from 5% the month before-the first dip in eight months-but the decline occurred almost entirely among adult women. The jobless rate among blacks rose from 8% to 8.7%; among black youths the rate is now 34%. Thus when Nixon's commission holds its first meeting later this month, its 23 members will confront a troublesome thicket of economic difficulties...
...Ph.D.s queued up at their doors-if they had the money. But Government aid has not kept up with skyrocketing costs, retarding faculty growth at many schools, and forcing some to cut their staffs. It is true that junior colleges and even high schools may benefit by landing jobless Ph.D.s. But many of the best men will not accept lower salaries or lesser schools. Some Ph.D.s may quit teaching...