Call it displacement, technological unemployment, or what you will, automation is downgrading skilled labor, including white-collar workers and technicians, this labor expert observes, and points out that capital is also being constricted. He does not think the “whirling dervish of compulsive consumption” and its handmaiden synthetic obsolescence are stable props for an economy just emerging from a recession; suggests tax reform and an overhaul of classic economic concepts of wages and profits instead.
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References
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February 16, 1961, p. 114.
2.
ShultzGeorge P.WhislerT. L., editors, Management Organization and the Computer (Free Press, Glencoe, Illinois, 1960).
3.
Daily Labor Report, February 2, 1961, No. 22, A-6.
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Eighty-sixth U. S. Congress, 2nd Session, “Joint Economic Policies for Agriculture in the 1960's,” paper by Walter W. Wilcox.
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JacobsenHoward B.RoucekJoseph, editors, Automation and Society (Philosophical Library, New York, 1959). See BrozenYale, “Automation's Impact on Capital and Labor Markets,” pp. 281–297.
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Daily Labor Report, June 15, 1960.
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Mimeographed paper delivered at National Conference of Labor Relations Council, University of Pennsylvania, 1960.
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U. S. Congress, Joint Economic Committee, “New Views on Automation,” a paper by Walter Reuther (1958), p. 562.
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KendrickJohn, “The Wage-Productivity Issue,”California Management Review, Vol. II, No. 3, Spring, 1960.
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SchulmanRosalind, “Some Observations on Present and Future Business Cycles in the United States—Are We Reverting to the Hauser Stagnation Theory?”, unpublished paper, University of Pennsylvania, 1961.
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CreamerDanielDobrovolskySergei P.BorensteinIsrael, Capital in Manufacturing and Mining (Princeton University Press, 1960).
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CochranThomas C., Basic History of American Business (Princeton, D. Van Nostrand Company, Inc., 1959).
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U. S. 86th Congress, 2nd Session, Joint Economic Committee, “Subsidy and Subsidy-like Programs of the U. S. Government.”
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GalbraithJohn K., The Affluent Society (Boston, Houghton Mifflin and Company, March 1958).
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Eighty-sixth U. S. Congress, 2nd Session, Joint Economic Committee, Report of the Subcommittee on Defense Procurement, “Economic Aspects of Military Procurement and Supply,” p. 11.
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Ibid., pp. 7 and 8.
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Eighty-sixth U. S. Congress, 2nd Session, Hearings before the Joint Economic Committee, “Current Economic Situation and Short Run Outlook,” p. 2.
