Word: retraining
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...major subjects: ∙THE ECONOMY. "At year's end," Kennedy said, "the economy which Mr. Khrushchev once called a 'stumbling horse' was racing to new records in consumer spending, labor income and industrial production." For continued economic expansion, the President asked Congress to approve acts to retrain workers for new jobs, help train and place youths entering the labor market, and grant an 8% tax credit for businesses investing in new machinery and equipment. Noting that "the time to repair the roof is when the sun is shining," he also asked Congress for standby authority to lower...
...bones about the fact that Jimmy Hoffa is a menace to the labor movement. But he is "confident that Hoffa will eventually be repudiated by his own members." Goldberg insists that unions must accept automation as a fact of life, but he also insists that management must help retrain workers who have been displaced by automation so that they can become useful members of the new la bor force...
...putting them through intensive courses. "We have students making A's who first told me that they never had and never could," said one official. Capitalizing on its location, the school has won distinction for research in marine biology and tropical and subtropical medicine. In order to help retrain refugee Cuban doctors and lawyers, the medical and law schools set up crash programs to help qualify them for practice in the U.S. Last year six Miami undergraduates won Woodrow Wilson scholarships. Built or going up are a new library, dormitory, classroom building and symphony rehearsal hall-all air-conditioned...
...Longer Automatic. Even at a high level of business activity, warns Wolfbein, there will be limits to what can be done about the unemployables-except by the unemployables themselves. Government agencies and communities can retrain workers and try to attract new industry to depressed areas. But the unemployables must be willing to learn new skills and be ready to move to where the jobs are. And the nation's labor force in the 19603 will need more schooling than before to hold their own in the competition. "A job is no longer automatic," says Seymour Wolfbein. "Without preparation...
...required to prove that imports-and not inefficiency-were the specific cause for falling sales and employment. Where the need was real, the Government would make available longterm, low-interest loans to modernize old machinery or help an industry with obsolete products shift into a new line and retrain its workers. At its worst, such a program could turn into a handout to inefficient or obsolete industries. At its rigorously applied best, it might go far toward calming the rising protectionism without sacrificing the cause of free trade...