LABOR: $2.50 an Hour

Well organized, well led, 600,000 members of the United Steelworkers Union last week won a wage increase of "something in excess of" 15¢ an hour. Class 1 workers, e.g., sweepers, will henceforth get $1.68½ an hour; Class 32 workers, e.g., hot strip mill rollers, will get $3.54½ an hour. The new average will be about $2.50 an hour. "This raise is money ahead," exulted a steelworkers' leader. "Our men won't keep it. They'll buy more TV sets and automobiles. It will be a terrific shot in the arm for the economy."

U.S. Steel Corp. led the steel producers in passing on...

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