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much as it has in the past, the nation’s future commitments will have to be met at the expense of curtailed individual consumption, which means reduced living standards.
On an overall basis, the labor force rose from a total of 22.2 millions in 1890 to an estimated 62.3-millions this year, a rise of 181 per cent. In this period the total population increased from 62.9-millions to 149.2-millions as of July. 1949, a rise of 137 per cent. Thus the figures show that the labor force increased nearly a third more than did the whole population in the last 60 years. Rate of Growth Halted
66.5%