Word: lindseth
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Dates: during 1960-1969
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What may well be happening, says El mer L. Lindseth, chairman of the Cleveland Electric Illuminating Co., is that "we're experiencing significant changes in components of our gross national product." The new industries on the rise, such as electronics and missiles, use comparatively little steel; thus some experts feel that the index statisticians lay too much emphasis on the steel industry. Some transistors, for example, smaller than a kernel of corn, sell for $200 to $300, or more than a ton of steel. And there is a shift in industries themselves. In Los Angeles, where aircraft-industry employment...