Word: steel
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...industry more efficient and competitive. About 70% of the programmed spending will go for new or better equipment instead of bricks and mortar. In today's economy, modernization is more vital to industry than ever before, because competition is fiercer than ever both at home and abroad. Inland Steel's Block competes against U.S. Steel's Roger Blough, but both have to compete against Japanese and German steelmakers; all the free world's steelmakers, of course, compete against aluminum, concrete and other substitutes. Oil is competing against natural gas, plastics against glass, and the new aerospace...
...army that Lockheed now uses to devise new products and processes to keep ahead of competitors-but the number runs to 13.000 or 14.000 scientists and engineers. Says Gross: "I suspect there's more science and engineering in a button today than there was 20 years ago." In, steel, Europe's new oxygen furnaces have outmoded the old open hearth, which is much slower and costlier, and forced many U.S. steel firms to begin installing the more efficient furnaces...
...question of capacity, but of modern capacity," says Gross. Though the U.S. is producing at less than 90% of total capacity, many economists and industrialists alike feel that up to 20% of U.S. industrial capacity is either outdated or inefficient-and that capacity figures are therefore misleading. When steel firms install new oxygen equipment, for example, they may not tear down their massive old furnaces but keep them as standbys. The new process adds to their capacity to produce steel; the old furnaces, though idle, continue to be counted in capacity figures. The result: though steel may be operating...
...unions. In the board rooms and at the clubs, today's businessman finds it hard to get his mind-or his conversation-away from topic A: automation. Among automation's side products are 4,000.000 unemployed-5.7% of the labor force. Automated elevators, automated stockroom machinery, automated steel mills and countless other devices are turning the underskilled and the undereducated into unemployables. and sending their more gifted fellows job hunting...
What will become of them? The business pickup in 1963's first four months created 700,000 new jobs, but 674,000 new workers-not to mention those already unemployed-started looking for jobs. Even the steel mills are hiring only high school graduates, and Government programs for training the unschooled have hardly made a dent. "You just cannot make a shoe clerk out of an unschooled machine shop employee, no matter how hard you try," says Houston Economist Sven Larsen. To many, the only answer lies in broadened vocational training for those of limited talents and expansion...