Thanks Capitalism
For creating wealth:
U.S. steel industry shipments of 106 million tons in 2007 exceeded the industry’s 1970 shipments by 16 percent. Output per worker has soared: in the 1970s producing a ton of steel required 12 man-hours; today it requires 1.2 man-hours. Several billion dollars of new green-field investments are being made by foreign and domestic producers in U.S. production capacity, which is a sure sign that those who know the industry best have faith in America’s manufacturing future.
Emphasis is mine.
