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The Wolves Always Come
| Article
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14854 |
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Section : |
BOOK WORLD
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| Issue
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10 / 1988 |
2,241 Words |
| Author
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Robert W. Crandall
Robert W. Crandall is a senior fellow in the Economics Studies
Program at the Brookings Institution. His book on the steel
industry, Up from the Ashes, was published in 1987. |
AND THE WOLF FINALLY CAME
The Decline of the American Steel Industry
John P. Hoerr
University of Pittsburgh Press, 1988
689 pp., $39.95
The American steel industry provides fertile ground for journalists. Once the very symbol of U.S. Industrial dominance, it is now viewed as a pitiful, declining giant. Major companies are in Chapter 11 reorganization. Unionized workers have granted their employers wage concessions only to lose their jobs in massive plant closings. Entire river valleys around Pittsburgh and Youngstown are devastated by job losses. The U.S. government is saddled with billions of dollars of pension liabilities from the insolvent steel companies. Even the United Steel workers have been forced to lay off hundreds of their own staff as their membership plummets. And U.S. Steel--Big Steel--has even changed its name to USX.
A journalist's first response to this sad state of affairs is to look for the villain. Who is to blame for the decline of the American steel industry? Why did the wolf finally come?
John Hoerr, Business Week editor and veteran labor reporter, has gone home to the Mon Valley--the Monogahela Valley near Pittsburgh, where steel was once produced in prodigious quantities--and found that the steel industry has left. Although he admits that this decline is due to a variety of economic forces, he chooses to devote most of his nearly seven hundred pages to the tragedy of labor relations in the industry, leaving the
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