WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Friday that wage increases are a likely outcome of the current contract talks between U.S. steel companies and the United Steelworkers union, and said that they would be a bellwether for the broader U.S. labor market.
“In many ways the current negotiations between the steel companies and the USWA (United Steelworkers) probably will be a bellwether,” Ross said in an interview with Reuters. “It wouldn’t be surprising if there are some wage increases coming from that,” he added.
Reporting by Karen Freifeld, David Shepardson, David Lawder and Chris Sanders; Editing by Leslie Adler
Our Standards: The Thomson Reuters Trust Principles.