Posted on Sep 3, 2018
A High School Reunion Reveals: When Steel Mills Fell Silent, Fates Got Flipped
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"The only high school in my hometown — Campbell, Ohio — was built on a hilltop just east of Youngstown. Behind our football field, the earth sloped away, down to the Mahoning River valley where the Youngstown Sheet & Tube steel mills stretched out for miles. Our school, our small town, the gritty air we breathed — they were inseparable from those blast furnaces"
A High School Reunion Reveals: When Steel Mills Fell Silent, Fates Got Flipped
Posted from npr.org
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Edited 3 y ago
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Responses: 3
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PO1 William "Chip" Nagel thanks for the share, I am from Akron, Ohio. Interesting read/share. There is history all around us for sure.
Samantha S. Maj Marty Hogan SGT (Join to see) SGT Philip Roncari SPC Margaret Higgins SGT David A. 'Cowboy' Groth SP5 Michael Rathbun CW5 Jack CardwellCOL Mikel J. Burroughs CPL Dave Hoover SFC Shirley Whitfield LTC Stephen F. SSG William Jones MSgt Ken "Airsoldier" Collins-Hardy Capt Dwayne Conyers 1SG Carl McAndrews Lt Col Charlie Brown PO1 Tony Holland SGT Jim Arnold
Samantha S. Maj Marty Hogan SGT (Join to see) SGT Philip Roncari SPC Margaret Higgins SGT David A. 'Cowboy' Groth SP5 Michael Rathbun CW5 Jack CardwellCOL Mikel J. Burroughs CPL Dave Hoover SFC Shirley Whitfield LTC Stephen F. SSG William Jones MSgt Ken "Airsoldier" Collins-Hardy Capt Dwayne Conyers 1SG Carl McAndrews Lt Col Charlie Brown PO1 Tony Holland SGT Jim Arnold
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PO1 William "Chip" Nagel
SFC Joe S. Davis Jr., MSM, DSL I was raised in Cincinnati for the most part. Familiar that in Ohio we were groomed to go to the Factories by the Schools.
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Thank you for sharing my friend PO1 William "Chip" Nagel. If wealth in this life was the most important factor this well-written NPR story would be problematic.
It typically seems to be biased against "business managers, doctors, accountants, lawyers — and even journalists at big news outlets."
In terms of material wealth, the author discounts the rest of us have invested wisely over the decades. As a soldier I encouraged those under my leadership to invest and increase investments at pay raise time
Bottom line it seems
"Retirees' financial security actually rose in a fairly straight line from the end of World War II to about 1990, thanks to Social Security, Medicare, pensions, veterans benefits and rising home equity.
But that line stopped rising because of factors such as: skyrocketing medical costs; the foreclosure crisis; soaring rents; the evaporation of defined-benefit pension plans; the reduction in union benefits; longer lifespans — and even more need to care for grandchildren because of the opioid crisis.
Some retirees are flourishing
Here's the cruel irony: Affluence is accelerating for retirees who had made it into the higher ranks of earners, such as business managers, doctors, accountants, lawyers — and even journalists at big news outlets. Census data show that people in the top one-fifth of households saw their inflation-adjusted incomes shoot up by nearly 80 percent between 1970 and 2016, compared with less than 18 percent for the bottom fifth.
So those who enjoyed the best income growth are now the retirees with the most savings in the stock market. Since early 2009, the S&P 500 stock index has more than quadrupled, helping those nest eggs swell.
And at a recent National Press Foundation training program on retirement issues, I learned about the rising positive indicators for white-collar retirees who are still earning paychecks to pad savings. Since the 1990s, labor force participation is up 11 percentage points for older workers, the data showed. To a large extent, that's because professionals can sit at desks and pile up paychecks well into their 60s and 70s."
Thanks for alerting me SFC Joe S. Davis Jr., MSM, DSL
FYI COL Mikel J. Burroughs LTC Stephen C. LTC Orlando Illi LTC (Join to see) LTC Ivan Raiklin, Esq. Maj Bill Smith, Ph.D. Maj William W. 'Bill' Price Capt Seid Waddell Capt Jeff S. CPT Jack Durish MSgt Robert C Aldi SFC Stephen King MSgt Danny Hope SGT Gregory Lawritson Cpl Craig Marton SP5 Mark Kuzinski SGT (Join to see) Maj Marty Hogan
It typically seems to be biased against "business managers, doctors, accountants, lawyers — and even journalists at big news outlets."
In terms of material wealth, the author discounts the rest of us have invested wisely over the decades. As a soldier I encouraged those under my leadership to invest and increase investments at pay raise time
Bottom line it seems
"Retirees' financial security actually rose in a fairly straight line from the end of World War II to about 1990, thanks to Social Security, Medicare, pensions, veterans benefits and rising home equity.
But that line stopped rising because of factors such as: skyrocketing medical costs; the foreclosure crisis; soaring rents; the evaporation of defined-benefit pension plans; the reduction in union benefits; longer lifespans — and even more need to care for grandchildren because of the opioid crisis.
Some retirees are flourishing
Here's the cruel irony: Affluence is accelerating for retirees who had made it into the higher ranks of earners, such as business managers, doctors, accountants, lawyers — and even journalists at big news outlets. Census data show that people in the top one-fifth of households saw their inflation-adjusted incomes shoot up by nearly 80 percent between 1970 and 2016, compared with less than 18 percent for the bottom fifth.
So those who enjoyed the best income growth are now the retirees with the most savings in the stock market. Since early 2009, the S&P 500 stock index has more than quadrupled, helping those nest eggs swell.
And at a recent National Press Foundation training program on retirement issues, I learned about the rising positive indicators for white-collar retirees who are still earning paychecks to pad savings. Since the 1990s, labor force participation is up 11 percentage points for older workers, the data showed. To a large extent, that's because professionals can sit at desks and pile up paychecks well into their 60s and 70s."
Thanks for alerting me SFC Joe S. Davis Jr., MSM, DSL
FYI COL Mikel J. Burroughs LTC Stephen C. LTC Orlando Illi LTC (Join to see) LTC Ivan Raiklin, Esq. Maj Bill Smith, Ph.D. Maj William W. 'Bill' Price Capt Seid Waddell Capt Jeff S. CPT Jack Durish MSgt Robert C Aldi SFC Stephen King MSgt Danny Hope SGT Gregory Lawritson Cpl Craig Marton SP5 Mark Kuzinski SGT (Join to see) Maj Marty Hogan
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Great article, it was truly a different world back there. Ohio wasn’t the only place in hard times. The economy sucked in NE Pa. in the 70’s through the 90’s, hell it still does. Factories closing right and left. When I got out of school it was starve, mooch off the family (mom couldn’t really afford it), or move. I moved to Houston, and the rest is history. Eventually I worked my way back home, I was needed.
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