Abstract

The Choice Before Us
Baran, Paul A. | March 28, 1959 issue

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The article focuses on inconsiderable increase in unemployment in the U.S. According to official statistics, the unemployed in January 1959 numbered 4.7 million. Trade-union economists consider six million to be a more accurate estimate. It is important to realize that the extent of this unemployment is not a reflection of a cyclical trough in the economy. The industrial productivity is rising and is bound to go up further as a result of the massive investments and the sweeping technological advances that characterized most of the postwar period.

See Also:

UNEMPLOYMENT; BUSINESS cycles; INDUSTRIAL productivity; ECONOMISTS; TECHNOLOGY; UNITED States
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