Business: Delicious Circle?

Franklin Roosevelt received last week a report from his National Resources Committee* which made two striking calculations: 1) if the U.S. had given full employment to all its workers (except 2,000,000 considered normally unemployed) the nation would have had $200,000,000,000 more income between 1930 and 1937; 2) this $200,000,000,000 of wasted labor could have supplied a new $6,000 house for every family in the U. S.

The committee used these ugly facts to pose a problem: How can democracy prevent such tragic waste? That fundamental problem is certain to be posed again & again until it is permanently solved. But the report...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!