Abstract

Prosperity-Believe It or Not: VI. Stresses and Strains
Chase, Stuart | December 25, 1929 issue

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This article focuses on the problem of unemployment in the U.S. in 1929. A census of New York working-class families showed 17 per cent without jobs at the time of the investigation. Seventeen per cent of thirty million non-farm workers is five million. Machines have continually thrown men out of work by substituting iron hands for those of flesh and blood. Hand weavers, spinners, metal workers, potters have lost their jobs by the millions in the course of the industrial revolution. But after a sufficiently painful period of adjustment, new jobs have appeared in tending and servicing the machines, or in finding markets for their wares.

See Also:

UNEMPLOYMENT; WORKING class; INDUSTRIALIZATION; CENSUS; LABOR supply; UNITED States
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