East Coast Port Strike - Will Kamala Stop It? Longshoremen Losing PR Battle - Desantis Calls in National Guard to Continue Florida Port Operations

[coldbud1994]

Those things weren't in place when the steel industry died in the US back in the 90's and early 2000's. The Japanese made steel in a much more cost effective way and it put more pressure on companies here and labor and pension costs were astronomical. Any business that had unions and a pension system in place have suffered a similar fate. That whole model just couldn't survive the age of technology.

And won't survive the next age of technology...AI

 

[WapPride]

Those things weren't in place when the steel industry died in the US back in the 90's and early 2000's. The Japanese made steel in a much more cost effective way and it put more pressure on companies here and labor and pension costs were astronomical. Any business that had unions and a pension system in place have suffered a similar fate. That whole model just couldn't survive the age of technology.

The Japanese government also subsidizes their industries far more than the US does, which helps lower their costs. Also, the Japanese have unions as well - specifically in the steel industry...so this isn't just a US phenomena.

There's a lot that went into the shrinking of the US steel industry - especially if you want to compare it to what it was from the 40s-70s when it was the main power in the industrialized world due to WW2.

 

[Willence]

The Japanese government also subsidizes their industries far more than the US does, which helps lower their costs. Also, the Japanese have unions as well - specifically in the steel industry...so this isn't just a US phenomena.

There's a lot that went into the shrinking of the US steel industry - especially if you want to compare it to what it was from the 40s-70s when it was the main power in the industrialized world due to WW2.

I agree. And that only further demonstrates the reality we faced and continue to face.

 

[fatpiggy]