In the U.S. economy, no single business is more important than the auto industry, which helps pay the wages of one in every seven industrial workers. Last week, as another series of 1955 models went on public display, Detroit's production lines were moving at a record-shattering rate. With employment already up about 100,000 since September, automakers set their November-December output schedules at 1,080,000 cars, up 7% above the record set in the last two months of 1950. At that rate, total output for the year would be 5,400,000, making 1954 the third best...
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