Which one of you majored in statistics, and loved it???!!! Are you aware of these stats?
“China’s share of high tech exports has risen from about five percent in 1999 to about 25 percent at present. America’s has plummeted from about 20 percent to about seven percent. What this means in practical terms is that America can’t build a military aircraft without Chinese chips.”
(Source: How To Meet The Strategic Challenge Posed By China, David P. Goldman, March 2018 issue of Imprimis.)
For the full article visit https://imprimis.hillsdale.edu/)
Such statistics tend to pique our interest and drive us to further research. Consider these statistics about today’s steel industry:
- The steel industry directly employs around 140,000 people in the United States, and it directly or indirectly supports almost one million U.S. jobs.
- Labor productivity has seen a five-fold increase since the early 1980s, going from an average of 10.1 man-hours per finished ton to an average of 1.9 man-hours per finished ton of steel in 2015.
- Steel is the most recycled material in the world – more than aluminum, copper, paper, glass and plastic combined. In North America alone, more than 60 million tons of steel are recycled or exported for recycling each year.
- Today, 97 percent of steel by-products can be re-used and the recycling rate for steel itself is 86 percent.
- Through recycling, the steel industry saves the energy needed to power 20 million homes for one year.
Recently the Trump administration announced imposing tariffs levied largely on China for imports of metals, including steel products. Earlier this week we provided an opportunity for you to offer your insights on this topic in a very brief 3-question survey. If you missed that, you can still take the survey by clicking HERE.
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