Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-24
KENNEDY
Rise in Unemployment Predicted
Unless Prompt Tax Cut Is Realized
Continued From Page Al

COnLlnueu from rage A.
into a vast parking lot where
he dedicated the airport by
laying a wreath at memorial
to 1t. Comdr. Edward H.
O'Hare, Medal Of Honor win
ner killed in action during
World War II.
He told his airport audience
the United States plans to de-
velop airliners capable Of trav-
cling three times the speed of
sound, about 1900 m.p.h.
When the supersonic age
arrives, he said, I'VE want the
United States to be the lead
err"
The President then entered
a limousine with Gov. Otto
Kerner, Senator Douglas and
Mayor Richard j. Daley, DEM
ocratic Party leaders in ILL
nois for the 22-mile drive on
the Northway expressway to
downtown Chicago.
Loop Area Crowded
There were large crowds at
all the main crossover bridges
along the expressway and once
Mr.. Kennedy reached the vi
cinity of The Loop spectators
stood shoulder to shoulder from
three to six deep along both
curbs.
Banners, flags and confetti
fluttered in the air-many Of
the signs linking Mr.. Kenne-
dy's name with that of Mayor
Daley, who will seek re-elec-
ton April 2.
In spotlighting the darken-
ing employment outlook, Mr..
Kennedy said unemployed
Americans last year lost a bill
lion work days--'equivalent to
shutting down the entire coun-
try with no production, no
services and no pay for over
three weeks"
"This Nation can do better
than that" he asserted. But he
said it also could do worse I'M
less effective counteraction was
taken.
Lofty Prediction
above ALL" he said, 1--WE
need to release the brake of
wartime tax rates which are
now holding down growth at
the very time we need more
growth to create more jobs"
Mr.. Kennedy predicted his
tax-cut proposal would result
in a multiplication of new mar
kets, new equipment, new jobs.
He did not confine his solu-
ton to the employment situa-
ton to tax cuts.
mo single magic solution
will solve all our manpower
problems" he said, and urged
support of administration pro-
grams designed to improve
schools, give young people
greater job opportunities and
stimulate distressed areas.
The President attributed the
disturbing employment out
look at a combination of three
factors:
/. The revolution in agricul-
ture which has permitted farm
ers to increase their produce
ton and income the last two
years even as farm employ
ment dropped by 100000. He
cited an estimate that mot
more than one out of every 10
boys now living on the farm
will find full-time work in
agriculture"
2. Youth: The number Of
Americans reaching age IS this
year is expected to total 3.S
million-up from 2.8 million in
1862. He said the postwar baby
crop "is about to engulf the
labor force" and noted that
the unemployment rate among
men under Is is double that
for older workers.
8. Attenuation: Since World
War II, he said, advancing
technology has permitted out
put to increase by 81 per cent
while manpower needs had
risen only 3 per cent.
He said this type Of increas-
ing productivity is essential
to our ability to compete and
to progress-but we also have
an obligation to create and
additional 2 million jobs each |
year for those displaced by
these gains"
At present, Mr.. Kennedy |
said. the economy is operating
in a continuing "sagging spiral"
because there is not full en-
ployment.
Our task is to reverse this
spiral" he said.s