A Monopoly Is Coming—Steel Yourself for It

Originally published at The Wall Street Journal

On U.S. Steel’s proposed merger with Nippon Steel, President Biden and President-elect Trump have listened to national union executives, not local union workers. At the company’s Irvin Works plant in the Pittsburgh area, 95% of union members support the deal. They know that Nippon Steel will make the necessary investments in the plant to save their jobs. Support for the merger is also widespread at U.S. Steel’s other plants across Pennsylvania.

Messrs. Biden and Trump both claim to look out for union members, but on this issue, they aren’t. Union leaders have convinced them the deal is bad for America’s steel industry, but it’s only a threat for union control. Union members are smart enough to realize that the opinion of union executives won’t matter if steelmaking disappears in the Steel City, a likely scenario if the deal falls apart. The president and president-elect need to realize it, too—before it’s too late for steelworkers.

Read more at The Wall Street Journal