A drastic new loss of competitive strength.

The article examines the loss of competitiveness of the U.S. industry in the 1960s and 1970s. Twenty-three percent of the country's share of the world market was lost by 1970s. Among the industries that were affected by a decline in U.S. industrial power were the aircraft industry, plastics sector and drug industry. One impediment to the reindustrialization of the nation is the large number of unskilled workers who depend on unsophisticated industries for employment.