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Productivity Advances Increase Profits, Kill Jobs

NPR

Published January 3, 2010 at 12:00 AM EST

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.

Copyright 2010 NPR

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