Realities and problems

Bibliographic data

Monograph

Identifikator:: 1830556908

URN:: urn:nbn:de:zbw-retromon-221283

Document type:: Monograph

Title:: Realities and problems

Place of publication:: Westminster

Publisher:: [Verlag nicht ermittelbar]

Year of publication:: 1930

Scope:: 67 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: The engineering industry

Collection:: Economics Books

From the foregoing table it will be seen that, leaving out of account the year 1926, which was the year of the General Strike, unemployment in the Engineering Industry by March, 1930, had assumed greater proportions than the industry has known since 1925, the earliest comparable date, and further that by June, 1930, unemployment exceeded the average unemployment in 1926 when the whole country was dislocated by the Miners’ Strike and the General Strike. At October, 1930, there were unemployed in the Engineering Industry 197,000 workpeople, representing 19-4 per cent. of the insured Engineering employees. In every table relating to unemployment the percentage un- employed has been calculated on the total number insured as at July of each year. This figure varies each year and it may happen that a greater number unemployed may represent a smaller per- centage of the total insured in any one vear compared with another. While the general figures show the depression of the industry, some interesting deductions may be made from the figures relating to the individual branches shown in Appendix “ A.” It will be found that the variations are in some respects very much more acute than in the general table. For example, whilst unemployment in the Marine Engineering Industry represented, on an average in 1926, 28-2 per cent. of insured employees, it had come down at the commencement of 1930 to 10-8 per cent., but by October, 1930, it had risen to 26'2 per cent. In the Motor Industry average unemployment in 1926 was 8:6 per cent. and at the commencement of 1930 it was 7-7 per cent. It had increased to 15-7 per cent. by October 1930. It may be argued that, to some extent, this increase in unemploy- ment is due to rationalisation and to the introduction of more scientific methods of manufacture. It may be contended that improved methods of production have contributed to a temporary increase in unemployment, but it cannot be argued with any reasonableness that this has created an increase in unemployment of from 10-1 per cent. to 19-4 per cent. in the first ten months of 1930. The progress of science is not so rapid and rationalisation to that extent has not been proceeding in the industry.

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