On Tue, Mar 12, 2002 at 01:21:34AM -0800, malamute wrote: > To quote Rep. Peter Visclosky, D-Ind. "Since 1980, the industry > has spent $60 billion to increase efficiency. Productivity has > increased 156 percent, and man-hours per ton have declined from 10 > to 3.5. Today, no one produces a ton of steel more efficiently than > American steelworkers do."
This is an unusual definition of "efficiently". By the usual economic definition of efficiency, if others can produce and sell steel cheaper (long term, not dumping), then they are more efficient. You have to include everything, like wages and pensions. Also, I'd like to see some more credible source, with data, about the output of US steel mills versus foreign steel mills. I've seen a lot of articles that claim that the micro-mills can produce steel more efficiently than the large, integrated mills. According to what I've read, the US has many of the large mills and comparitively few of the newer micro-mills. -- "Erik Reuter" <[EMAIL PROTECTED]> http://www.erikreuter.com/
