Productivity destroys jobs

segunda-feira, agosto 13, 2012 David Barradas 0 Comments

The US steel industry is typical of the transition taking place. In the past 20 years, steel production rose from

75m tonnes to 102m tonnes. In the same period, from 1982 to 2002, the number of steelworkers in the US declined from 289,000 to 74,000.