Shipping Dilemmas
A vicious cycle plagues the U.S. shipbuilding industry, where low demand leads to higher prices, further diminishing interest in domestic ship construction. Despite the assumption that American wages are the main issue, data shows that workers in other countries earn more while producing cheaper ships. Consequently, water transport has become uncompetitive, with less than 10% of freight in the U.S. being shipped by water, despite the country's vast waterways and geographical advantages.In this clip
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Catalyst with Shayle Kann
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