| Show 9 Still Davis' Number 1 Problem SPECIAL TO THE CLIPPER As in other parts of the inflation has become the number one problem in Davis LOCAL residents are watching apprehensively as their cost of living keeps rising and it becomes harder and harder to make both ends That the nation is suffering from a slump in business some call it a is generally acknowledged by most The larger question is whether it is headed for a which is a much more serious NOT SINCE the has there been a real depression in the United Most of the present population has no conception of what it was They were not around at the No more than one out of every three people now living in Davis County knows about it first The others were bom later or were too young then to AS NOTED recently by U.S. News and World it was a time when the national product plunged nearly 33 percent in four Stock market prices also falling 89 percent in three Masses of people lost their a recurrence ol these and other drastic happenings is considered most FOR THE 1930 depression to repeat itself the unemployment rate in Davis County would have to zoom to more than four times its present At that time it reached 25 Families were Able-bodied men stood on street corners peddling Restaurants offered meals for 65 IT WAS a time when personal income dropped 28 percent in four By way of net income per family has risen 16 percent in Davis in the past four Although living costs are continuing to rise and interest rates are at an all-time the country is considered to be far from any such disaster as the 1930 i such as were not present exist Workers are protected by unemployment by minimum wage laws and by Social Their savings bank accounts are insured by the Federal government and their home loans are stretched out over a longer |
