The Farmville herald and farmer-leader. (Farmville, Va.) 1934-1957, 1953-04-14
Babson Discusses
Korea and Your Job

OoOSVIb HIS\OS 9CS
Korea and Your Job
New York City headers will
be interested IN remembering
that two weeks ago IN this column
stated: Churchill could be a
great factor III bringing the Ko-|
lean War to an end. Therefore L
still believe that 1858 viii see a
Korean truce unless one of the
satellites kicks over the apple
cart.
What A Truce Means
A truce merely means cessation
of fighting to ascertain if terms
for peace can be arranged. but
chances for peace are. of course.
greatly enhanced by an armiStice.
If peace should come in Korea !
what would il mean to the aver.
age American? Perhaps the most
/ Immediately important effect
would be the loss Of overtime
and other extras which have
come TO be considered AS fixed
wages. Some families are already
frantic. especially those with.
teen-age children. who claim they
Will be "disgraced If the car. on
television, or fur coat IS taken.
away from them, DWing a truce.
these people. at east. viii be
cautious about future lnstallment
commitments.
Peace in Korea docs not mean
that our rearnament program
Will be cut down this year. Al
ready too many famiIles arc cut
ting down on meats, doctors. dem
lists and other expenditures
which the ncighborS do not know
about. This explains the record
decline in the sale OF some COM
modities, due. in part, to a fear
! OF Korean Peace.
Business Cycles
1t certainly seems as if some
manufacturers Of products now
sold on shaky installments Will
sometime be headed for trouble.
AS these goods are taken back
and repossessed, the stores where
they were purchased may buy
fewer electrical appliances, furnl-
ture and fur coats. If SO, this may
/ cause manufacturers to reduce
their employees and hence cause
some Unemployment. But it is a
mistake TO get frightened about
/ this nov.
Just as prosperity rolls up like
SNOWFALL when employment is
increasing. the SNOWFALL quickly
meltS when unemployment gets
under way. We are now in the
first stages, with the cutting off
OF overtime and perhaps one
Shlft. DetlatiOn has already taken
the place Of initiation The SO cent
collar which ! advised "buying"
during 1852 is already worth
more.
Depressions Appear Necessary
dread going through another
period of unemployment, but l
really believe that such may
someday be Necessary to correct
the evils of waste, inefficiency
and dishonesty which develop
during good times" Unfortunate
ly, we learn only through adver-
slty.
Furthermore, the sooner such
corrections take place, the better
off VIC all should be. Those who
now give their best to their en-
ployerS will be the last to be laid
OH. II ever, The first to be dis
charged are the lazy COCK watch
ers. who. when appl, ing for their
Jobs, asked: whats the pay?
How many hours? 10 l get Satur-
GAYS Oft, and what about coffee"
Better Chances .or Youth
Young people clam that they
have not the opportunities which
their parents had They talk
about the big corporations" do
ing all the business ana supplying
all the Jobs, aifordlng little
chance to small businesses. l don t
admit this to be trLe. There arc
moro opportunities now than eve.
before for Young mon to 60 into
business for themselves # they
will work ten hours A dsv, for six
DAYS a week. and save money. the
same as had to do
Good SalcSlpcp are uecdcd now
more than eyer. Good statesmen
backed by good advertising arc
the life blood of every business
They need no labol unions and
are always well PAID. They arc
never found amongst the uncm-
ployed Hence. for their hard
work pounding pdvcments and
ringing door bells they need MOI