Article 3JC0C Increased Productivity is Eliminating Steel Industry Jobs, Not Imports

Increased Productivity is Eliminating Steel Industry Jobs, Not Imports

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"A Bloomberg News story from June 20, 2017, offered a fascinating look at how a modern plant can now produce high-quality steel with few workers. The plant in Donawitz, a two-hour drive from Vienna, needs all of 14 employees to make 500,000 tons of steel wire a year. The same mill in the 1960s would have needed as many as 1,000 workers to produce a similar amount albeit of lesser quality."

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