OCR Text |
Show Recovery Chances Industrial production for the United Unit-ed States in August of this year was 89 per cent of the 1929 figure, with factory employment 85 per cent of that level. Allowance for the fewer few-er hours laborers are working, im-improvements im-improvements in management and technology accounts for the difference differ-ence in production and employment ratios. Japan, Norway, Sweden and Great Urltian already show industrial pro-ducton pro-ducton substantially in excess of their 1929 level. Such recovery leads observers to believe it possible for the national normal employment employ-ment of 1929 to be restored. Relief in long continued or permanent per-manent heavy unemployment Is a doctrine of despair, and fortunately there is no foundation of figures to substantiate any reason for supposing suppos-ing that production and employment figures of 1929 cannot be equalled and exceeded for many years. |