Quote – Statement by the Merchants Association of New York, “Merchants Oppose Job Insurance Bills”, New York Times.

…we are going on the theory that it will create jobs. It will not. We shall create jobs only by giving confidence to people who are in a position to hire other people.

Statement by the Merchants Association of New York on New York & national unemployment insurance, quoted in “Merchants Oppose Job Insurance Bills,” New York Times.

Tuesday, April 17, 1934
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