POSTWAR: 58,000,000 Jobs

How many jobs must a free U.S. industry provide in the postwar world if it is to save itself?

Studebaker's able, handsome President Paul G. Hoffman, who is also chairman of industry's Committee for Economic Development, tried valiantly to answer this question at the National Industrial Conference Board session in New York.

Said he: Industry will have to supply "something like 58,000,000" full-time jobs, a jolting 12,000,000 more than in the "good" year of 1940. That means a U.S. output of goods and services of some $145,000,000,000.

But industry must be ready to perform fantastic tasks. Warned Automan Hoffman: "The very toughness of...

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!