Steel workers union leaders demand pay increase as profits rise after tariffs

[corbe]

Steel workers union leaders demand pay increase as profits rise after tariffs

By Megan Keller - 09/11/18 05:13 PM EDT 

Leaders of the United Steelworkers union are demanding higher wages from two of the biggest U.S. steelmakers as President Trump's tariffs propel industry profits.

"We feel we need some recognition and to share in the profits of the company," said Michael Young, president of the union's branch for the Midwest plant of U.S. Steel Corp., one of the companies facing down union leaders according to The Wall Street Journal.

The price of steel jumped by more than 30 percent this year after the U.S. levied tariffs on foreign steel, causing profits to rise for the industry generally.

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http://thehill.com/policy/finance/406144-steel-workers-union-leaders-demand-pay-increase-as-profits-rise-after-tariffs

[Absalom]

Uncomplicated.
When the current contract expires, negotiate a wage increase.
Until then, get back to work and shut up.

[roamer_1]

And so the tariff exacerbates the real problems...

[Frank Cannon]

Steel manufacturers want to artificially raise rates on domestic steel using the tariffs as cover they can reap the benefits of a general strike.