The Problem of Unemployment in the United States

Résumé du livre

Unemployment is an economic problem. It is the larger meaning of unemployment, rather than a few concrete phases, that concerns this study. It is primarily a question of economics, to be treated by economic methods. This attitude involves certain assumptions which are made by the most careful students of the problem, and to them are self-evident. In the first place, unemployment is not due solely to the inefficiency of the men who are out of work. Secondly, it springs fundamentally from maladjustments of the supply of labor and the demand for it, maladjustments of place, of time, of quality, or of quantity. In the third place, our present unemployment problem is intimately bound up with our industrial system. unemployment is, then, because of the nature of its causes and because of its intimate connection with the production and distribution of wealth, fundamentally an economic problem.