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Show 5 : ,9 I For Meditation oooooo $ g By LEONARD A. BARRETT j fr I h UNEMPLOYMENT PROFESSOR GUSTAV CASSEL of Stockholm university in a recent address at Columbia university remarked, re-marked, "Unemployment is the most conspicuous and most characteristic evil of the post-war time." The most reliable statistics available avail-able place the number of unemployed in the United States between three and one-lu.lf million to for million. What is the cause? The displacement of men by machinery. ma-chinery. When a machine is made that can do the work of one hundred hun-dred men. the most important economic eco-nomic question is not, how much money is saved hy the use of the ma chine, but what becomes of the one hundred displaced men. Another cause is over-production Federal income taxes prohibit carrying carry-ing larger inventories than absolutely absolute-ly necessary. The problem of supply must approximately keep even with the demand. Manv efforts to remedy the condition condi-tion of unemployment in this country coun-try have been offered. Perhaps one of the most plausible is that advocated advo-cated by the Pollak Foundation of Economic itesearch located at Newton. ..Mass. The theory offered by this foundation is the creation of a federal board of control which will regulate industry by controlling the purchasing purchas-ing power of the dollar. The wage scale should he so regulated that the purchasing value of the dollar ten years ago should not he more than the purchasing value of the dollar today. Thai is. labor should not have to suffer the shrinkage of the dollar value. It should also he so regulated regulat-ed that steai'y employment would he 'possible the entire year instead of at certain definite Intervals or the rush seasons. Where unemployment is absolutely necessary the cost of it should be charged to the article produced. In other words, let the public pay the cost of unemployment. . 191'S. W. -stern Newspaper Union.) O |