challenge to affluence

advance aggregate demand American economy automation balanced basic become Britain budget Chapter China Common Market consumption continue course decrease democracy direction economic expansion economic growth economic policies economic progress economists education and training effects expenditure export fact feel foreign full employment Gunnar Myrdal high and rising higher Howard University ideals implies important improvement income increase increasingly industry interest investment labour demand labour force labour market less living long-range majority Marshall Plan matter ment Negroes organization particularly political poor poverty present President problem production rapid and steady rapidly rate of economic rate of growth reason recent reforms relations relative economic stagnation result retraining rich countries situation slums social Soviet Union structural structural unemployment Sweden taxation technological things tion trade trade unions trend underclass underdeveloped countries unem unemployed United Nations wages West European Western Europe Western world whole workers