Paychecks for 60,000,000

The Department of Commerce last week reported that the nation’s personal incomes rose in June to a record annual rate of $193 billion, some $1.2 billion more than the previous alltime high last March. June was also the month when the working force for the first time exceeded 60,000,000, the golden goal of “full employment” which Henry Wallace said might be achieved by 1950 in a planned-economy. July employment passed the June total by 24,000, hit 60,079,000.