Galenson Walter. A primer on employment and wages

New York: Random House, [1966]. — 146 p.The American people have cause to congratulate themselves on what their economy achieved during the first half of the current decade. The nation’s gross national product, which measures the total output of goods and services, has been rising slightly more than 4 percent a year since i960. Some 3.7 million more people were at work in 1964 than in i960, bringing total employment over the 70 million mark for the first time. The average factory worker family of four (where the wife was not working) saw its real weekly earnings, after deducting social security and income taxes, increase from $84 to $92.50 during the four years. By any conceivable index, the United States is the most prosperous nation in the world, and the character
and rate of its economic expansion are contributing to the maintenance of its imposing advantage.