Word: slacks
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...these words Jonathan sank into shame for he was much afeared of tigers. The angel of the Lord was sore angry at this and proclaimed "Thou darest not be so slack of courage," and with twain he gave Jonathan a blow which made him sore...
Many economists feel that artificially stimulated demand is preferable to a slack economy and unemployment. Not that capitalism would collapse without it, as is often charged. But if this constant stimulation were removed, it would have to be replaced by something else-public works, massive government spending, a shortened week. To some, America's hyped-up consumption seems vaguely immoral as well as untenable in the long run. John Kenneth Galbraith has likened it to the squirrel on a treadwheel. Yet he and other economists agree that there is really nothing wrong with the process, provided that a sufficient...
...overall economy: total defense spending amounts to only 8% of the gross national product, less than the average ratio during the 1950s and little more than half the Korean war peak of 14½%. Yet, unlike the Korea war, which hit when the U.S. still had plenty of production slack and more than 5% unemployment, the Viet Nam war is an added burden on a substantially full-employment, full-production economy that has been expanding for 51 years...
...this move will affect student employment in the porter service. Last week's decision to cut general undergraduate service in half was based on the decreasing number of students seeking employment as porters. Jewett said that he imagined the increase in freshmen bathroom cleaning would take up any employment slack the end of vacuuming might cause...
...workers because they were unfit to hold jobs in the rapidly advancing technology, can now be dismissed, at least in their extreme forms. Every category of unemployment has responded to prosperity and will continue to do so. But now that that battle has been won and the general slack in the economy virtually eliminated, it becomes even more urgent to look more closely at the unemployment which remains even in good times. So let me talk today not about the common economic theme of the benefits of general prosperity, but rather about the longer term issues of overcoming the barriers...