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Why was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs, President Herbert Hoover estimated that as many as two million workers avoided unemployment as a result of his efforts to promote work-sharing.
— Barry Eichengreen
Tags: reason, unemployment, result, government

Other Quotes by "Barry Eichengreen"

Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched.
— Barry Eichengreen
Tags: collapse, zone, been, political
For those unfortunate enough to experience it, long-term unemployment - now, as in the 1930s - is a tragedy. And, for society as a whole, there is the danger that the productive capacity of a significant portion of the labour force will be impaired.
— Barry Eichengreen
Tags: enough, will, society, experience
View More by "Barry Eichengreen"
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