The 21st Century Jobs are in Logistics, not Steel

President Trump has talked about bringing back steel. A recent tweet asserts, “Our Steel Industry is the talk of the World. It has been given new life, and is thriving. Billions of Dollars is being spent on new plants all around the country!” In fact, steel jobs have been declining for the last thirty years. A recent Bloomberg article notes that ferrous metal foundry jobs have declined by 60% since 1990. Where have the jobs gone? In a word: logistics. Warehousing and storage jobs have skyrocketed by 180% over the same time period. A case study for this transition is…...