The economic goal of any nation, as of any individual, is to get the greatest results with the least effort. The whole economic progress of mankind has consisted in getting more production with the same labor. Translated into national terms, this means that our real objective is to maximize productions.
Nothing is easier to achieve than full employment, once it is divorced from the goal of full production and taken as an end in itself.
The progress of civilization has meant the reduction of employment, not its increase. It is because we have become increasingly wealthy as a nation that we have been able virtually to eliminate child labor, to remove the necessity of work for many of the aged and to make it unnecessary for millions of women to take jobs.
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