RECOVERY: Wages of Steel

In the plant of smallish Corrigan-McKinney Steel Co. in Cleveland one day last week, employes clustered around bulletin boards on which were posted notices of a 10% wage increase effective April 1. Such was the signal for a general upping of all steel wages. One by one other steel companies fell in line. Finally U. S. Steel made it official for the industry by announcing a raise of "approximately 10%" for some 140,000 of its employes. Noteworthy was the fact that for the first time U. S. Steel allowed an independent to initiate...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!