Labor Regulation Quotes



The French solution to their high unemployment problem was to mandate a 35 hour workweek and ban overtime. The effect on business was to dramatically increase the percentage that the employer has to pay for fringe benefits. This raised the cost of labor and along with the French tradition of not working very hard. The economy weakened and the unemployment rate was still very high.


Hoover, a brilliant administrator before his presidency, was so ideological about the role of government that when the Great Depression came, he was unwilling to use government directly to cope with the new problems. He was turned out of office in favor of FDR and the New Deal which the voters ratified 4 times. Hoover was embarrassed by the New Deal successes and lashed out with many insults. In this case, he called the New Deal “fascist”. See {629055} for another quote where he labels the New Deal communistic. Ironically, Hoover is rated by most historians as one of the least effective Presidents in American history while Roosevelt is always rated among the top 3 presidents.