"Skilled Workmen in Demand Despite Vast Unemployment"

That was the headline of a Washington Post article (March 13, 1935, p 22). The subhead was, "technological progress has been so rapid during the depression that welders and other experts, idle since 1929, are outmoded." The first paragraph told readers:

"unemployment may run into the millions, but as the iron, steel, and metal-working industries improve, a scarcity of skilled workmen is developing, states the magazine Steel this week."

This shows that technology might change rapidly, but econ...