Honestly, Who Cares Who Owns US Steel as Long as the Jobs Stay?
Derek Hunter
5–6 minutes
I’ve had a lot of jobs in my life – seriously, like more jobs than most families have had, somewhere around 80 of them. Not careers, most of them, but retail, waiting tables, roofing, etc. In all my jobs, even the “real jobs,” as some people would classify them, I rarely knew, and never cared who owned the company. Why would I? I was working for money – working to live, never living to work – so who owned whatever radio station or website I worked for didn’t matter, that the checks cleared did. That’s why I don’t get why steelworkers union seems to care so desperately about who own US Steel when, at least to me, the only thing that matters is the people working there still have jobs.
US Steel has been in financial trouble for some time. Once the most valuable company in the country, those days are long since gone. As CNN put it just last year, “US Steel could be yet another iconic company for which time has run out.”
They described US Steel as “the subject of a bidding war among rivals offering a fraction of what the company was once worth.”
Well, someone stepped up and offered to buy it – Nippon Steel. They offered up $14.9 billion. If I were a US Steel employee, I’d breathe a heavy sigh of relief that the checks will keep coming. For some reason, this news was not met with the happiness I would have expected it to be.
more
https://townhall.com/columnists/derekhunter/2024/02/15/honestly-who-cares-who-owns-us-steel-as-long-as-the-jobs-stay-n2635233