Wallace writes not only as a public servant but also as a small business man expressing his philosophy of abundance as against scarcity. He maintains that with sixty million jobs there can be full employment, shows how each generation doubles the employment figure over the previous generation, breaks down his figures for all phases of business, manufacturing, mining, construction, utilities, transportation, trade finance, agriculture, etc., with each phase dependent upon the other. He believes that the present levels of wages must be continued even with the shortening of the work week to its pre-war schedule. (This is interesting as Congress is considering at present raising the minimum levels.) He agrees with Roosevelt and Dewey that business must be given every opportunity to provide jobs but that government must help in planning and budgeting. Many economists will disagree with Wallace's facts and figures but no one should differ with his hopes and faith in a fuller life for all.
Pub Date: Sept. 1, 1945
ISBN: N/A
Page Count: -
Publisher: Simon & Schuster; Reynal & Hitchcock & Simon & Sch