Word: joblessness
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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...
...discouraging to find . . . that Reuther won from Ford and G.M. the "principle" of the guaranteed annual wage . . . The controlling word is "guaranteed." The auto workers under the new contracts are guaranteed nothing . . . The only "guarantee" is that the companies will pay 5? per hour per worker into a jobless benefit fund. The benefits to the workers vary with the amount of money in the fund. If either company went through two straight years of heavy layoffs, by the end of that time there would probably be no benefits at all. Is that "guaranteed"? . . . The fact is that Reuther...