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oldguyinTX
03-12-2018, 06:23 PM
If you want to see the remnants of the American steel industry, take a ride to Bethlehem PA, and you will see the haunting images of our steel industry in abandoned steel plants. The result of greed and lack of foresight by Bethlehem Steel. People who worked there have no pension or benefits, and have no future. Is this the American way?

Chupaca
03-12-2018, 08:01 PM
Without them we would be speaking German and Japanese today. Maybe making imports more expensive will fire them back up...:dontknow:

RinconRyder
03-12-2018, 09:08 PM
Without them we would be speaking German and Japanese today. Maybe making imports more expensive will fire them back up...:dontknow:

We have a phenomenal misunderstanding of economics on this board. You do realize, do you not, that when a tariff is placed upon foreign goods two things happen:

1. Fewer goods are imported (the market is smaller due to the higher price).
2. The AMERICAN buyers of these goods pay more and that higher cost trickles down to the end customer.

For metal imports, both foreign steel and aluminum have higher costs to the American customer now (think Detroit for example). So now the automakers who build vehicles in this country will pay more for their raw materials. Guess what this does to the finished product which will wind up on American sales floors? That's right. YOU will pay more when you buy anything made with these materials. Higher prices = lower sales = less demand = workers out of jobs.

Really smart, isn't it?

And that isn't taking into account that foreign manufacturer and his government get mad about the tariffs and decide to put a higher tariff on the goods we export to them which further reduces their demand and also results in layoffs in the USA.

The coal miners found out T-rump does not understand labor, production and demand principles. He also does not understand the effects of a trade war (upon which he has fired the first shot). Steel and aluminum workers are about to find out this same sad story - as well as anyone who buys products made with steel or aluminum.

LateLifeCrisis
03-12-2018, 11:39 PM
From Baltimore Magazine: "During WWII The Bethlehem Steel yard in Sparrows Point is pumping out 10,000 tons of steel per day. Across the harbor, shipyards manned by 47,000 workers are using much of that steel to build ships, many of them the gray Liberty cargo ships that ferry supplies to the war in Europe and the Pacific.

A few miles up Eastern Avenue, Glen L. Martin's aircraft plant is churning out B-26 Marauder bombers every day, a total of 5,157 during the war. That massive plant in Middle River employs 53,000 people—35 percent of whom are women who have been enlisted into factory service by the shortage of able-bodied men. The raw materials for this giant industrial complex roll in on the B&O Railroad. They ship out of Baltimore's booming port.

Following World War II, Bethlehem Steel in Sparrows Point became the largest steel plant in the world—and Baltimore's largest employer. Working class laborers flocked to Baltimore, building houses, schools, and neighborhoods.

Fast forward to the economic changes of the 70's: As the steel industry foundered, so did Baltimore's stable urban population—the middle class migrated to the suburbs and the urban working class dissolved."

Now look at Baltimore - - unemployment, poverty, and now has passed New York and Chicago as the Murder Capital of the World. Just sad - - very, very sad.

Chupaca
03-12-2018, 11:51 PM
We have a phenomenal misunderstanding of economics on this board. You do realize, do you not, that when a tariff is placed upon foreign goods two things happen:

1. Fewer goods are imported (the market is smaller due to the higher price).
2. The AMERICAN buyers of these goods pay more and that higher cost trickles down to the end customer.

For metal imports, both foreign steel and aluminum have higher costs to the American customer now (think Detroit for example). So now the automakers who build vehicles in this country will pay more for their raw materials. Guess what this does to the finished product which will wind up on American sales floors? That's right. YOU will pay more when you buy anything made with these materials. Higher prices = lower sales = less demand = workers out of jobs.

Really smart, isn't it?

And that isn't taking into account that foreign manufacturer and his government get mad about the tariffs and decide to put a higher tariff on the goods we export to them which further reduces their demand and also results in layoffs in the USA.

The coal miners found out T-rump does not understand labor, production and demand principles. He also does not understand the effects of a trade war (upon which he has fired the first shot). Steel and aluminum workers are about to find out this same sad story - as well as anyone who buys products made with steel or aluminum.

All of what you say is true..:bowdown:which I know as do most all of us but....based on the American people doing nothing to make their own and ccontinue to depend on others...I don't do politics I do people and we made the best steel before we can do it again...so if we open the mills and put Americans to work producing steel how would that fit in the picture you painted..? Don't really need answer....

RinconRyder
03-13-2018, 12:26 AM
All of what you say is true..:bowdown:which I know as do most all of us but....based on the American people doing nothing to make their own and ccontinue to depend on others...I don't do politics I do people and we made the best steel before we can do it again...so if we open the mills and put Americans to work producing steel how would that fit in the picture you painted..? Don't really need answer....

Your post deserves an answer.

One of the ways we lost the steel war was that foreign manufacturers built much more efficient and smaller mills. They were able to produce a quality product at a lower cost than our "outdated" WWII mills (which had done so much to win WWII). We did not notice they were eating our lunch during the 1950's because our economy was so good. Then the world caught up and we had a problem.

Regarding the old mills near Bethlehem, PA......my son moved up there some years ago. His first condo was in one of those old mills. They kept the outside as it was and redeveloped the insides and were very pleasant to live in. Interestingly, they left a lot of the old hoists in place so you can walk inside in the atrium and look up and see the control station and all the big lifts they used to move the huge steel around the plant. Down the street they turned one mill into a large casino. It is very fancy and a great repurpose job. Both are just feet away from a river and live train tracks come within 4 feet of the corner of the building (average speeds are walking speeds).

IdahoMtnSpyder
03-13-2018, 12:52 AM
In 1983 I was selling photocopiers in western Illinois/eastern Iowa when I ran into a guy whose business was insulating furnace exhaust ducts in factories. We're talking big furnaces, like what are used in steel mills. He said at that time the steel producers in Pittsburgh could bring in steel billets from Brazil for less money than what it cost to produce the steel from ore mined in Minnesota.

T's tariffs on steel are playing right into the hands of the Chinese. They've been looking for a good reason to shut down old polluting steel mills to help clean the environment and bring production capacity into line with demand. On the news today it's reported the Chinese are not fussing, yet anyway, about the tariffs.

loisk
03-13-2018, 02:47 AM
Why would China be at all fussed about the steel tariffs!?

Do you think this is aimed at China? Bzzzz thank you for playing, but no

Here, from trade.gov, ie your govt, are the top ten countries (by volume) from which you import steel - as at sept 2017

Canada 16%
Brazil 13%
South Korea 10%
Russia, yes, Russia 9%
Mexico 9%
Turkey 7%
Japan 5%
Taiwan 4%
Germany 3%
India 2%

wyliec
03-13-2018, 05:42 AM
T's tariffs on steel are playing right into the hands of the Chinese. They've been looking for a good reason to shut down old polluting steel mills to help clean the environment and bring production capacity into line with demand. On the news today it's reported the Chinese are not fussing, yet anyway, about the tariffs.

Why would they need T's tariffs as a reason to shut down polluting plants, if they were really concerned about cleaning the environment? Bringing production capacity into line with demand makes sense.

C. Lee
03-13-2018, 06:49 AM
As of this moment, no one has seen any pricing impact on any goods as a result of the tariffs. Everything people are talking about here is theory because it hasn't happened yet. They are framing this as an anti trump issue by claiming only negative things will happen as if we have had such great success already. Now I am a simple guy, not well educated by some standards and in my world and what I can see from my world, things are going very well. In my business, I am seeing better numbers than at any time in my career, poeple are going back to work in manufacturing, not just retail. In 2008 Pres. ***** stood at the Chrysler plant in Twinsburg, OH and told us that nothing would change in the auto world. Now that plant has been closed, torn down and is now a shipping facility, the Ford engine plant in Brookpark, OH is 1/3 the size it was in 2008. I don't know how to explain those things. Here in Ohio, the steel plant in Cleveland LTV Steel closed in the early 2000's, it reopened several years later under ISG and is now Arcelor Mittal. I don't know how many people it employes but 3 of them are in my family. It was announced last week the Republic Steel will reopen it's Lorain, OH plant and put 1000 people to work in that plant.

I know when some people talk about jobs they only talk about health care, tech sector jobs ones that require high amounts of education or training or retail jobs, they don't talk about manufacturing or trades. It's these jobs that lifted america into it's position on the top of the world and anything that can make the middle class stronger is a good thing in my book. Will some people get richer, absolutely. But so what. Just my two cents. Chris

IdahoMtnSpyder
03-13-2018, 06:52 AM
Why would they need T's tariffs as a reason to shut down polluting plants, if they were really concerned about cleaning the environment? Bringing production capacity into line with demand makes sense.

I should have said excuse, not reason.

SPECTACUALR SPIDERMAN
03-13-2018, 07:18 AM
aluminum is expected to go up 10 cents/lb. which will help the secondary market & recycling market. your junk
car will get you a little extra at the scrapper too.

Machinegunner
03-13-2018, 09:46 AM
Why not give the President time to prove his ideas instead of condemning everything he does? The high price of our steel along with high prices for our cars was caused a lot by high labor cost. If the President's tariffs work, maybe the other counties will lower their's to be more fair. He likes to propose more than he expects to get, then walks it back so all concerned can agree.

Holly
03-13-2018, 09:57 AM
Why not give the President time to prove his ideas instead of condemning everything he does? The high price of our steel along with high prices for our cars was caused a lot by high labor cost. If the President's tariffs work, maybe the other counties will lower their's to be more fair. He likes to propose more than he expects to get, then walks it back so all concerned can agree.



The guy could come up with a cure for Cancer and they still would find something to complain about. :shocked:

vided
03-13-2018, 10:02 AM
They'd bitch about all the lost jobs :banghead::banghead::banghead:

Lew L
03-13-2018, 10:49 AM
The guy could come up with a cure for Cancer and they still would find something to complain about. :shocked:

+1

RinconRyder
03-13-2018, 12:19 PM
As of this moment, no one has seen any pricing impact on any goods as a result of the tariffs. Everything people are talking about here is theory because it hasn't happened yet.

They are talking about it because it has happened before. Trade wars are doubly damaging - to both parties. Proven time and time again. You haven't seen pricing issues yet because it takes weeks or months for raw materials to be turned into finished products. Wait until the 2019 cars and trucks are announced. If this tariff remains in place you will see the results then.

They are framing this as an anti trump issue by claiming only negative things will happen as if we have had such great success already. Now I am a simple guy, not well educated by some standards and in my world and what I can see from my world, things are going very well. In my business, I am seeing better numbers than at any time in my career, poeple are going back to work in manufacturing, not just retail. In 2008 Pres. ***** stood at the Chrysler plant in Twinsburg, OH and told us that nothing would change in the auto world. Now that plant has been closed, torn down and is now a shipping facility, the Ford engine plant in Brookpark, OH is 1/3 the size it was in 2008. I don't know how to explain those things. Here in Ohio, the steel plant in Cleveland LTV Steel closed in the early 2000's, it reopened several years later under ISG and is now Arcelor Mittal. I don't know how many people it employes but 3 of them are in my family. It was announced last week the Republic Steel will reopen it's Lorain, OH plant and put 1000 people to work in that plant.

Not one of those events you documented was by government directive. Those are all private companies and they constantly shift workloads and production to meet deadlines, cost of production, staffing and other economic factors. Those are all normal events in the manufacturing world.

I know when some people talk about jobs they only talk about health care, tech sector jobs ones that require high amounts of education or training or retail jobs, they don't talk about manufacturing or trades. It's these jobs that lifted america into it's position on the top of the world and anything that can make the middle class stronger is a good thing in my book. Will some people get richer, absolutely. But so what. Just my two cents. Chris

Manufacturing got the USA on top because of WWII. Every other industrialized country in the world was devastated. Germany and Japan were bombed into rubble. The USSR had moved almost its entire heavy manufacturing capacity beyond the Ural mountains to prevent the Germans from bombing it. The UK still had a great deal of its manufacturing capability but it was so far in debt it could not afford to modernize. China had no significant manufacturing at all. The USA wound up #1 by default. The post war recovery changed all that. Japan and Germany were rebuilt. The USSR and China emerged. We were suddenly in competition with our Allies and found our standard of living was pricing us out of markets.

...

RinconRyder
03-13-2018, 12:21 PM
Why not give the President time to prove his ideas instead of condemning everything he does? The high price of our steel along with high prices for our cars was caused a lot by high labor cost. If the President's tariffs work, maybe the other counties will lower their's to be more fair. He likes to propose more than he expects to get, then walks it back so all concerned can agree.

Without turning this thread into a political discussion please tell us just what the president has proposed that is currently in force and working? I don't see it.

SPECTACUALR SPIDERMAN
03-13-2018, 12:22 PM
The guy could come up with a cure for Cancer and they still would find something to complain about. :shocked:

someone would then complain about overpopulation then we would need wars to control population

Bob Denman
03-13-2018, 12:34 PM
Why not give the President time to prove his ideas instead of condemning everything he does? The high price of our steel along with high prices for our cars was caused a lot by high labor cost. If the President's tariffs work, maybe the other counties will lower their's to be more fair. He likes to propose more than he expects to get, then walks it back so all concerned can agree.
Thank you! :thumbup: :agree:
So is it better to import foreign goods that cost less money: but kill our jobs?
Or pay more for what we buy; and have more jobs created?

:dontknow::dontknow::dontknow::dontknow::dontknow: :dontknow::dontknow::dontknow::dontknow::dontknow: :dontknow::dontknow::dontknow::dontknow::dontknow: :dontknow::dontknow::dontknow::dontknow::dontknow:

JerryB
03-13-2018, 12:49 PM
Hi Chris,

Re: Just my two cents.

That's about what any of us has to offer.

When Watt perfected the steam engine, the end of manual labor in manufacturing was doomed. Ever hear of the Luddites?

https://en.wikipedia.org/wiki/Luddite

In the history of mankind, we have continually been trying to decrease the amount of labor to do any task.

It is just that manufacturing is the first & easiest to automate. Today, designers are working on how to pick crops with machinery; and there goes those jobs.

Today, the number of workers to build a car is a mere fraction of what is was for Henry Ford.

Quite a few years ago, a couple of Yale professers wrote a book ( I do not remember the name of it ) that said, the manufacturing jobs that went overseas are not coming back. I realize that some will, but again, only a fraction.

The world is changing, the train is moving. You can choose to get on board to watch it fade in the distance.

Jerry Baumchen

JerryB
03-13-2018, 12:51 PM
Hi Bob,

Re: So is it better to import foreign goods that cost less money: but kill our jobs?

Have you ever shopped at WalMart? If so, then you support 'kill our jobs.'

I have never shopped at WalMart & never will for this very reason.

Jerry Baumchen

Holly
03-13-2018, 01:28 PM
Without turning this thread into a political discussion please tell us just what the president has proposed that is currently in force and working? I don't see it.




This is exactly why people shouldn't do drugs. :roflblack:




(While I 100% disagree with you and could give plenty of examples, that above was all in fun)

R FUN
03-13-2018, 02:43 PM
The high tariff talk on steel and aluminum can only cause problems on both side of the border. We sell you the raw material but then buy it back in automobiles, trucks, machinery etc. If we then put the tariff on these imports then we will be buying more Toyoto, Nissan, Subaru etc. Three of my friends have just bought Toyota vehicles lately. I own a Dodge,a Ram [both US vehicles}, and a Mercedes and would not think twice about buying a Toyota Tundra if that happened. Nobody will win plus blackmale is not the way to deal.
Roger

Rogue Hawk
03-13-2018, 03:02 PM
Never!!!!!

https://cdn.shopify.com/s/files/1/1161/1250/products/LAMBPHS016002_01_grande.jpg?v=1501713889

RinconRyder
03-13-2018, 04:27 PM
Thank you! :thumbup: :agree:
So is it better to import foreign goods that cost less money: but kill our jobs?
Or pay more for what we buy; and have more jobs created?


Says the new owner of a foreign-made and very expensive motorcycle.

RinconRyder
03-13-2018, 04:28 PM
This is exactly why people shouldn't do drugs. :roflblack:




(While I 100% disagree with you and could give plenty of examples, that above was all in fun)

I thought not.

SPECTACUALR SPIDERMAN
03-13-2018, 04:30 PM
spyders much like chrysler in the 1980's are built in north america

loisk
03-13-2018, 04:51 PM
We have a Jeep - "American tin" you think? .... Made in Austria

Trade is global, a reality whether we like it or not, and economic history shows that trying to hold back the tide via tariffs will NOT re-open any closed factories .... Good luck with that TRainwave

ofdave
03-13-2018, 04:51 PM
The high tariff talk on steel and aluminum can only cause problems on both side of the border. We sell you the raw material but then buy it back in automobiles, trucks, machinery etc. If we then put the tariff on these imports then we will be buying more Toyoto, Nissan, Subaru etc. Three of my friends have just bought Toyota vehicles lately. I own a Dodge,a Ram [both US vehicles}, and a Mercedes and would not think twice about buying a Toyota Tundra if that happened. Nobody will win plus blackmale is not the way to deal.
Roger

your Ram was made either in Saltillo, Mexico or Warren, Michigan.
The Tundra is made in San Antonio
depending on the model, your Mercedes could have been made in Tuscaloosa, Ala


(Mercedes-Benz GLE SUV, Mercedes-Benz GLS SUV, Mercedes-Benz GLE Coupe and the Mercedes-Benz C-Class)

So how will the tariff effect the foreign companies purchasing foreign steel to produce/sell vehicles in the US?
gets complicated

Bob Denman
03-13-2018, 04:54 PM
Hi Bob,

Re: So is it better to import foreign goods that cost less money: but kill our jobs?

Have you ever shopped at WalMart? If so, then you support 'kill our jobs.'

I have never shopped at WalMart & never will for this very reason.

Jerry Baumchen

Neither do we! :D
Walmart killed Schrade Cutlery up here...
Look up the story... nojoke

JerryB
03-13-2018, 06:20 PM
Hi Bob,

Re: Neither do we!

Good for you. Glad that we can agree on that.

Re: Walmart killed Schrade Cutlery up here... Look up the story...

I will, thanks for the lead.

Walmart also nearly killed RubberMaid. PBS did a great tv episode on that disaster.

Walmart is not a friend of working people,

Jerry Baumchen

PS) Bob, while you & I disagree on a number of issues; if we ever meet up, let's have a drink on those things we do agree on.

blitzkreig
03-13-2018, 06:28 PM
Here, from trade.gov, ie your govt, are the top ten countries (by volume) from which you import steel - as at sept 2017

Canada 16%
Brazil 13%
South Korea 10%
Russia, yes, Russia 9%
Mexico 9%
Turkey 7%
Japan 5%
Taiwan 4%
Germany 3%
India 2%

OK how much steel did Canada import from the US ... OH! it was about the same amount that the US has imported from Canada. DOH! That is so dumb to state the one without the other ...

Netminder
03-13-2018, 06:45 PM
Hi Bob,

Re: So is it better to import foreign goods that cost less money: but kill our jobs?

Have you ever shopped at WalMart? If so, then you support 'kill our jobs.'

I have never shopped at WalMart & never will for this very reason.

Jerry Baumchen
I am with you there, the last time I was there which was about 7 yrs ago, I started turning things over and everything had " made in china" on the bottom. And not just a few items, I mean pretty will everything except medication. I saw Dr.Scholls shoes and said they have to be made in USA, nope, china. Main reason I no longer go! I would rather pay a bit more for something made in North America! Back on Topic my cousin is a retired steel worker in Hamilton, and is in danger of losing a good portion of his pension, So the industry is hurting in places here to.

RinconRyder
03-13-2018, 07:01 PM
Back on Topic my cousin is a retired steel worker in Hamilton, and is in danger of losing a good portion of his pension...

That is EXACTLY the reason I funded my own retirement instead of depending upon my employer to do so. Yes, it meant sacrifice during a good portion of my working years but when I retired I had a very nice nest egg which is now larger than it was in 2001 despite my wife's attempts to reduce it to ashes.

C. Lee
03-13-2018, 08:19 PM
...
So you're saying government policies had nothing to do with the steel decline in our country? The steel companies and unions were screaming for government intervention over the foreign steel dumping in the 2000's and the government did nothing which caused many companies to close because they couldn't compete with steel being sold for less then it cost to be produced. They wanted tariffs then and there should have been something done then

Also you're saying that American has its place in the world by default. I couldn't disagree more, the world is in its current position because of American exceptionalism. Our country was the greatest in the world before WWII it was the strength of our middle class and manufacturing that made us that way. Chris

oldgoat
03-13-2018, 08:47 PM
You import Canadian aluminum because it is cheaper to produce it in Quebec & BC due to the low electricity costs in those provinces.
It takes a lot of electricity to produce aluminum from bauxite.

loisk
03-13-2018, 08:59 PM
OK how much steel did Canada import from the US ... OH! it was about the same amount that the US has imported from Canada. DOH! That is so dumb to state the one without the other ...

You missed my point totally.
The new tariff relates to imports to USA.
Many posters presumed the tariff was aimed at China, and therefore would solve their ills.
My list simply showed that USA imports higher volumes of steel from ten countries ahead of China.
Definitely not having a go at any of the countries listed.
So, not dumb at all - the tariff under discussion relates to USA imports only.

RinconRyder
03-13-2018, 09:51 PM
So you're saying government policies had nothing to do with the steel decline in our country? I did not say that. I pointed out the several primary reasons the USA is no longer a world leader in steel production. The steel companies and unions were screaming for government intervention over the foreign steel dumping in the 2000's and the government did nothing which caused many companies to close because they couldn't compete with steel being sold for less then it cost to be produced. They wanted tariffs then and there should have been something done then "Dumping" is illegal according to virtually every trade agreement written since the turn of the 20th century but that doesn't stop it from happening - to steel and many other products. There is a fine line between "dumping" (which is the sale of product at less than the cost to produce) and just pure competition (which is usually defined as direct labor costs and cost of appropriate pollution controls). America has higher labor costs and more stringent pollution controls and these virtually ensure our cost of production will be higher than any underdeveloped country.

Also you're saying that American has its place in the world by default. I couldn't disagree more, the world is in its current position because of American exceptionalism. Our country was the greatest in the world before WWII it was the strength of our middle class and manufacturing that made us that way. Chris

You really have no idea of our history. Before WWII the USA was basically an isolated country, politically and economically. Americans wanted it that way predominately because of the strife caused by our involvement in WWI. Prior to the beginning of WWII (1939) the American Army (including National Guard and Auxiliaries) was smaller than the army of Portugal. President Roosevelt's huge task was to argue against the "America Firsters" who did not want the USA involved in "another European war". Great Britain had the largest navy in the world and ours was not as robust as that of Italy. We began WWII with aircraft of laughable design and were outclassed by virtually every other combatant.

It is true America had a very large manufacturing industry and the earnings of that industry was fundamental in building a major middle class. That did not make us a world leader though. Both Germany and the USSR had larger manufacturing industries until they suffered major wartime damage.

Following WWII the UK, Japan and Germany were wrecked totally and it took them decades to get back on their feet. The USSR recovered faster but that was largely due to its size and population and what was, in effect, slave labor. The only major participant in the war not suffering damage on its own soil was the USA and that is why the 1950's were a decade of American expansionism and unparalleled prosperity. The factories existing at the end of the war quickly reverted to building cars, home appliances and all manner of other gadgets that were in great demand throughout the world. As other countries recovered their manufacturing capability we were gradually outclassed as the world proceeded into a world economy.

Several other industries have come along since the war ended that have gradually replaced manufacturing. The Tech sector is today huge and the USA still leads there. Those workers are largely today's middle class but it doesn't take as many of them to build their products as did manufacturing.
...

C. Lee
03-14-2018, 06:15 AM
I won't engage in this debate anymore since you are so much smarter then me and you don't have any trouble telling me so. I guess I didn't know what dumping meant until you told me. Thanks so much. Chris

Bob Denman
03-14-2018, 07:01 AM
...PS) Bob, while you & I disagree on a number of issues; if we ever meet up, let's have a drink on those things we do agree on.

:clap::2thumbs::cheers:

SPECTACUALR SPIDERMAN
03-14-2018, 07:14 AM
china dumps plastic & steel PRODUCTS on the u.s. and that is what trump should be looking at not just raw materials

Rob Rodriguez
03-14-2018, 07:37 AM
I don't know a lot about this but to me just looking at this from a 50,000 foot view. This new policy is very similar to a number of the new policies of this administration in that it seems to be a covert way to make the rich richer and those of us that are not rich, not richer.

timeless
03-14-2018, 08:29 AM
THE FOREIGN STEEL MANUFACTURERS ARE GOVERNMENT SUBSIDIZED !!!!!!!!!!!!!!!!!!!!!!!


Your post deserves an answer.

One of the ways we lost the steel war was that foreign manufacturers built much more efficient and smaller mills. They were able to produce a quality product at a lower cost than our "outdated" WWII mills (which had done so much to win WWII). We did not notice they were eating our lunch during the 1950's because our economy was so good. Then the world caught up and we had a problem.

Regarding the old mills near Bethlehem, PA......my son moved up there some years ago. His first condo was in one of those old mills. They kept the outside as it was and redeveloped the insides and were very pleasant to live in. Interestingly, they left a lot of the old hoists in place so you can walk inside in the atrium and look up and see the control station and all the big lifts they used to move the huge steel around the plant. Down the street they turned one mill into a large casino. It is very fancy and a great repurpose job. Both are just feet away from a river and live train tracks come within 4 feet of the corner of the building (average speeds are walking speeds).

Holly
03-14-2018, 09:41 AM
That is EXACTLY the reason I funded my own retirement instead of depending upon my employer to do so. Yes, it meant sacrifice during a good portion of my working years but when I retired I had a very nice nest egg which is now larger than it was in 2001 despite my wife's attempts to reduce it to ashes.



And thanks to my smart vote, it's even bigger now. You're welcome......... :thumbup:

RinconRyder
03-14-2018, 01:25 PM
THE FOREIGN STEEL MANUFACTURERS ARE GOVERNMENT SUBSIDIZED !!!!!!!!!!!!!!!!!!!!!!!

Some are and some are not. But that doesn't only apply to steel manufacturers. It also applies to vehicles, aircraft and home appliances.

Bob Denman
03-14-2018, 01:38 PM
Says the new owner of a foreign-made and very expensive motorcycle.
BRP is at least a North American Company...
...And there is no direct competition for the Spyder either!

Explorer
03-14-2018, 07:45 PM
Some are and some are not. But that doesn't only apply to steel manufacturers. It also applies to vehicles, aircraft and home appliances.

Many USA companies are also subsidized. Free land, free employee training, tax abatement, etc.

Roger