Productivity Advances Increase Profits, Kill Jobs In the 1950s, it took nearly 15 man-hours to produce a ton of steel in the U.S. Now it takes around two. Technological advances have made it possible to produce the same amount of steel with a fraction of the workforce.
NPR logo Productivity Advances Increase Profits, Kill Jobs

Productivity Advances Increase Profits, Kill Jobs

In the 1950s, it took nearly 15 man-hours to produce a ton of steel in the U.S. Now it takes around two. Technological advances have made it possible to produce the same amount of steel with a fraction of the workforce.

Productivity Advances Increase Profits, Kill Jobs

In the 1950s, it took nearly 15 man-hours to produce a ton of steel in the U.S. Now it takes around two. Technological advances have made it possible to produce the same amount of steel with a fraction of the workforce.

Chart: Productivity Advances Increase Profits, Kill Jobs