With half its workers laid off, the union okays a pay slash
For decades every contract signed by the major steel producers and the United Steelworkers brought higher wages and benefits for the people in the grimy business of running America's blast furnaces and rolling mills. In time steelworkers became the highest-paid blue-collar employees in the U.S. In January their average hourly pay ran at $14.39, vs. $13.07 for auto workers and $8.71 for manufacturing workers generally.
Last week, after a year in which the domestic makers lost $3.3 billion in their steelmaking operations,...
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