The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-07-20
REASONS FOR UNEMPLOYMENT

! Roger W.. Babson has made public fiji
teen reasons which he says are the causes
of unemployment and which, because gov
eminent attempts to overcome conditions
have failed, remain to plague the national
administration and the country. Babson' 5
fifteen reasons are the following:
1. The 4,080, 900 women who have entered in
dustry since 1914, together with new technology
cal inventions.
2. The cessation in new building due to high
taxes high union wage scales and conflicts with
in labor unions.
8. The loss in foreign trade due to high wages
and labor union interference.
The destruction of buildings by fire. 1t is
estimated that fires have thrown million out
of work.
s. Deaths among big business men with intia-
tive and the inability of young men to take their
places. Automobile accidents have been an i'm
portant factor in these deaths.
s. The decline in instalment purchases These
dropped continually from 1929 to the end of
1882. SEQ,
z. Labor union activities which have forced
EMPLOYERS to install more automotive machinery.
8. The income tax payments which have forced
families to give up servants, gardeners, and other
so-caled luxuries
9. The Frazier Lemke bill which discouraged
institutions, banks, insurance companies, and in
dividuals from lending money for the purchase
of real estate and the building of homes.
10 Increased real estate and other taxes which
retard industry initiative and willingness to take
risks. .-
IL New securities act and similar administra-
tive measures which have discouraged enterprise
and retarded industry.
~ Changes in the American diet and the
elimination of 100000 horses which have re-
dpced the consumption of wheat, hay, oats and
certain other farm products.
a. The reduction of farming acreage through
the AAA, all of which restricted production tenn
porarily helps the farmers but increases unem-
ployment. .. .-..,.. -. p. ....
Ia. The introduction of minimum wage which
results in throwing out of work the less efficient.
Is. Attempts on the part of nations and indi-
yiduaIs, alike, to violate natural and spiritual
laws as expressed by the multiplication table,
the Golden Rule and the Ten Commandments
Babson concludes his article on the sub
jeet of unemployment with the assertion
that political or government efforts to elm
mate unemployment have amounted to nc
more than ''drugging" the patient. All Of
the so-ealled recovery experiments are :
''shet in the arm'', Mr.. Babsen says.
1t is reasonably certain that . majerit,
of the fifteen points made by Babson are
at present affecting recovery. The list may
not be complete. 1t is certain that these
conditions are. retarding recovery and re
employment of workers. Causes of the de
preston are not all listed by Babsen, bu
he has cited most of the difficulties stand
ing in the way of recovery.
Nationwide business today, aceordin:
to Babson,s chart. is two per cent. below
the same date last year and is % per cent
below normal. Recovery of business ha
made no gains in twelve months and unem
ployment has been not only fractionally de
creased by q government spending pro
gram totaling billions.
Much criticised and condemned privat
initiative and enterprise, under the capital
istic system at its worst, never equallet
that record fer failure to function.
In fall from horse, Nussolni got 2 blacl
III A op4 f,,,Sy,;,LaJ