Abstract

The Crisis Ahead
Shishkin, Boris | October 21, 1944 issue

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Americans have already reached the turning point in wartime production and employment demands. Americans passed the peak of maximum activity not this month but eleven months ago. Sharp reductions in many phases of war production are ahead. After victory in Europe the U.S. is likely to have at least 11,000,000 unemployed within a few weeks. Of these Americans can at best expect to develop jobs, through partial reconversion and partial resumption of civilian activity, for 7,000,000 workers within a year, if the war with Japan still continues during that year. And after the final victory is won Americans shall have further demobilization and further curtailment of war activities with further unemployment.

See Also:

WAR -- Economic aspects; PRODUCTION (Economic theory); EMPLOYMENT (Economic theory); UNEMPLOYMENT; JAPAN; UNITED States
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