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Show wafer way .',. and you are involved Leaders of Hie United Steelworkers of America and rep- 4. STEEL FACES INCREASING COMPETITION. Be- recentatives of the steel companies are sitting down to cause the costs of producing American steel have risen begin wage negotiations. Because the outcome of their so high, it is becoming increasingly difficult for Ameri- talks will affect you, we want you to know the position can steel companies to meet competition both here and of the steel companies. abroad. This trend to foreign products or substitute ma terials has resulted in serious unemployment, Unem-Wiiat Unem-Wiiat is the issue? And how does ii involve you and ployment involves YOU! your family? 5 ADEQUATE PROFITS ARE ESSENTIAL TO PRO-Tho PRO-Tho issue is simply this: the union leaders have asked GRESS. Profit dollars are as important to employees as for substantially higher wages and other benefits. The to employers. They are paid out to buy land, buildings, companies believe that higher employment costs mean equipment for building and modernizing plants and for more inflation. CREATING JOBS. Over the past ten years steel profits have been too low. The increase in employment costs tt ii i has far exceeded the increase in total profits earned. Here are the facts: r 1. "WAGE-PUSH" CAUSES INFLATION. As a result of 1116 steelworkers are fine employees, and we are proud inflation, our dollar has lost more than half its value. It of them- m' ermore, already at the top of the now costs you $2.07 to buy what a dollar bought in 1940. industrial wage scale. The major cause of this inflation has been the steady rise in employment costs. More inflation involves YOU! Their present well-being justifies our position that the best solution for everyone steelworkers included is 2. EMPLOYMENT COSTS HAVE OUTSTRIPPED SHIP- to hold 016 lino in '59-MENTS '59-MENTS PER MAN HOUR. In the steel industry alone, employment costs over the past 18 years have risen almost al-most ten times faster than shipments per man-hour worked. Thus steel prices have been forced up. If prices had not gone up the industry would havo been bank- THE STEEL COMPANIES COORDINATING nipt High prices involve YOU! COMMITTEE 375 Lexington Avenue O New York 17, N. Y. 3. THE STEELWORKER IS NOW HIGHLY PAID. The present average t -mrly earnings of steelworkers are far Allegheny Ludium sti corporation Annco sti corporation B.thi.h.m sti above the average for all industry. In January of this CompaBT Colorado Furt " Corporayon Crtct UkM st tiea Inland Steel Company Jones & Laaghlln Steel Corporation raiser Steel year it Was already $3.03 per hour 84C more than the Corporation Republic Steel Corportion United State. Steel Corporation Wheel, average Of all U. S. Manufacturing. Ing Steel Corporation The Toungstown Sheet and Tube Company. |