STATE OF BUSINESS: The Scarcities of Plenty

Out of the white heat of U.S. steel mills last week rolled 2,413,000 net tons of steel, 100% of the biggest steel capacity in the nation's history. Despite this massive output, builders, manufacturers and processors all over the U.S. shouted for more and more steel. On building sites, in laboratories and around the plants of the steel users, there were more engineers on the job, at higher pay, than ever before. Nevertheless, employers were using every enticement from fine wines to fancy titles in an effort to lure more engineers onto their...

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