Annals of the American Academy of Political and Social Science
The Cost of Unemployment
Source: Annals of the American Academy of Political and Social Science, Vol. 65, Supplement.
Steadying Employment. With a Section Devoted to Some Facts on Unemployment in
Philadelphia (May, 1916), pp. 36-47
Published by: Sage Publications, Inc. in association with the American Academy of Political and
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THE COST OF UNEMPLOYMENT
To THE EMPLOYE
Little though we know of the facts of unemployment, we know even less of its social cost. We do not realize how deeply unemployment penetrates, and how seriously it threatens, our community welfare. Although unemployment affects every interest in the community, the burden falls most heavily on the working classes. When out of work the average member of the working class loses his chief means of support. It is, therefore, a matter of life and death to him.
The most immediate and vital effect of unemployment on the worker is a very serious reduction of the wage scale.