In Manhattan last week, Jones & Laughlin Steel Corp.'s Chairman Ben Moreell stood up before a special Wage Stabilization Board panel which is trying to decide if 650,000 of the nation's steelworkers are entitled to another wage boost. Said Admiral Moreell (ret.): the union's demand for an 18½¢ raise plus fringe benefits which are estimated to bring the total raise up to 50¢ an hour would set off such a wave of rising prices that it would probably cost Jones & Laughlin $95 million a year, $10 million more than all of...
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