Bridges wrote:
To revive the steel industry in America would be like closing the barn door after the horses ran out. The old steel industry as we operated it is antiquated. That along with the greed of both the unions and management brought down Bethlehem Steel.
It is a shame because Bethlehem Steel was a key factor in the US victory in WWII. The 16" guns were cast right here in Bethlehem. These guns were on the largest battleships and could throw a projectile 25 miles. Also by the end of the war, Bethlehem Steel was producing one ship per day, and that played a very important role in the D-day invasion.
The new wave of steel production is through what is termed mini-mills. Japan is a leader in these but England also has embraced this kind of production. To revive steel production in America, a lot needs to change beginning with the method of production and having a workforce of skilled workers who accept a fair wage for their skills. Management must also take a hit in the pocketbook and not have a CEO making 25 million a year plus another 5 million in benefits. Salaries across the board from janitor to CEO should be directly proportional to the net income of the company (no golden parachutes please).
We need this industry back in America and it is my opinion that rather than put billions into a colony on Mars, we should be investing in reviving essential industry in this country. We have given away too much for too long and it is time to start taking some things back.
To revive the steel industry in America would be l... (
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Bingo on the comment about the greed of the unions and management. My dad worked there for years, non-union and non-management. One of the union excesses was 13 weeks of vacation every five tears (or something like that) - and management perks like private dining rooms, etc. A shame, but they only needed to just look into the mirror to understand how they came to fail so miserably.