Word: joblessness
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Dates: during 1950-1959
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...West, Go East. In 1955 unemployment and depression were almost forgotten words. With 63 million employed and only 2.5 million jobless (many of them unemployable), one of the big shortages was manpower-and womanpower, as the number of working wives reached a record 11.8 million. Short-handed business men competed like football scouts for new talent. In Eastern newspapers a West Coast manufacturer pleaded, "Come to sunny Southern California," while in Los Angeles papers an East Coast plant advertised, "Come to smog-free Long Island...
Bare Shelves. Jobs were plentiful in the expanding economy. The unemployment problem of last spring evaporated in the busy summer months. Not only were last winter's jobless put to work, but 200,000 immigrants and new workers were added to payrolls as well. Employment prospects now look so good that the government has decided to reverse the usual policy and keep the immigration doors open all winter to skilled workers...
...Billion. In the early days of 1954, there was gloomy talk of a slowing -and possible end-to the postwar boom. Though the economy was still strong, business was falling off and the total of jobless was growing, along with uncertainty about the future. In this critical period, "Red" Curtice stood up before 500 of the nation's top businessmen and industrialists and gave his own pronouncement on the future. General Motors, he said, would spend $1 billion to expand its plants for the increase in auto sales to come. Screamed the headlines: G.M. BETS BILLION: NO SLUMP...
...Austria, 13,000 doctors and 2,500 dentists went on a two-day strike to protest against a new law extending state health insurance to all Austrians. Hundreds of white-smocked physicians paraded through Vienna, shouting slogans. Complaints: 1,200 young doctors are jobless, the state pays only $1 per patient every three months, and doctors average only $240 a month (less overhead...
FARM-EQUIPMENT INDUSTRY is adapting to the guaranteed annual wage. Allis-Chalmers and Deere & Co. have both offered the United Auto Workers a layoff plan to insure jobless workers some pay. Allis-Chalmers offered 65 % of total pay for four weeks plus 60% for the next 22 weeks, but was turned down because it provided no trust fund for the benefits. Deere's idea, which the union has agreed to "in principle," is similar to the auto, industry pacts...