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Word: unemploymentâ (lookup in dictionary) (lookup stats)
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There are, however, serious flaws in the Marxist-Leninist economic system. Communist countries say they have abolished unemployment???but at the cost of heavily overstaffing every office and factory with workers who seldom can be fired for failing to produce. Bureaucratic controls further cripple efficiency, and managers have little leeway for innovation. Consumer goods are still shoddy and chronically scarce. Long lines form immediately in Warsaw, Prague, Havana, Moscow and other Communist cities at rumors that a shop is about to receive a shipment of such coveted goods as shoes, fresh fish or fruit. Communist leaders boast that their citizens...

Author: /time Magazine | Title: Socialism: Trials and Errors | 3/13/1978 | See Source »

...position on the economy, emphasizing the importance of controlling inflation more than reducing unemployment???which, of course, is what Ford has been advocating all along. Carter also promised that "there will be no new programs implemented under my Administration, unless we can be sure the cost is compatible with my goal of having a balanced budget before the end of the term." More specifically, he said: "If it requires a delay, for instance, in implementing welfare reform or health care [in order to balance the budget by 1981], then those delays will be there...

Author: /time Magazine | Title: THE ELECTION: CAMPAIGN KICKOFF | 9/13/1976 | See Source »

...Coalition chapter in the country. Today blacks are often among the state's more enthusiastic boosters. Says Gleason Glover, executive director of the Minneapolis Urban League: "For a black, Minneapolis is one of the truly outstanding cities in the U.S. to live in. The problems here?housing, education, discrimination, unemployment???are manageable ... There just isn't the real, deep-seated hatred here that blacks often encounter in other cities." Two black state legislators were elected last fall from predominantly white middle-class suburban districts...

Author: /time Magazine | Title: AMERICAN SCENE: Minnesota: A State That Works | 8/13/1973 | See Source »

...rules of economics are not working quite the way they used to." Why not? First, an inflationary bias has been built into the U.S. economy because the nation is committed to high employment and high economic growth. Once an inflation starts, no government could accept the severe recession and unemployment???well over 10%?needed to stop it cold...

Author: /time Magazine | Title: Business: The Showdown Fight Over Inflation | 8/16/1971 | See Source »

...usual dynamic Mr. Churchill had his say on unemployment???though not in the House of Commons. Rushing out to lecture at Oxford, bleary-eyed from loss of sleep, he proposed the creation of an "Economic Parliament...

Author: /time Magazine | Title: Foreign News: Snowden's Waterloo | 6/30/1930 | See Source »

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