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Carter Plan to Cut Jobless Rate Faces Bottlenecks
President elect Carter aims to lower unemployment by 1.5 points in 1977, but a U.S. Chamber official warns this could strain underinvested plant capacity. Jack Carlson says aging equipment and environmental limits could spark inflation and lead to wage price controls while urging investment and freer business. He notes a capital shortfall and calls for profit gains to lure capital. Carlson, 43, has Harvard economics training and a long government and private sector résumé.
MENTIONED IN THIS ARTICLE
New York
Carter
U.S. Chamber of Commerce
Jack Carlson
National Chamber
Carlson
Chamber
Arthur F. Burns
Federal Reserve Board
Thomas Lance
Log Chamber
Carson
Congress
Carlson Ted Carter