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trades. He had arrived at a figure, either from the census or the census of industries, of the number of persons employed in each of these industries to get this exact production, which he regarded as the normal production. Then he divided one by the other, then some multiplying, in which he conceived of the same number of persons in the labor market - that is, wage earners and unemployed. You take those and you divide them into the total value of the product and you find how many man hours it takes to make the product. He found that if they all work just thirty hours - all the presently employed, plus all the presently unemployed - you have this production and everybody is employed. It's as easy as that.

I never have felt quite easy about Justice Black just because of this performance. He was sincerely convinced about it. I came later to realize that it was a matter he knew nothing about. He had never seen an industry operating. He hadn't thought about the wages. When I said to him. “But senator, what's going to happen now? These people go to work for thirty hours and will earn thirty hours worth of wages. What about the men who are now earning forty-eight hours of wages, or fifty-four hours of wages, or even sixty hours worth of wages? What are they going to earn?”