This book analyzes the causes underlying the decline of the United States steel industry and the impact of that decline on our institutions of procedural democracy. It locates steel's economic demise in the logic of an economy organized for profit maximization and demonstrates how the industry's economic policies helped open the U.S. market to foreign imports while simultaneously forcing steel officials to turn to the government for assistance.

The problems of the U.S. steel industry have been a source of public controversy for over twenty years. The industry has grown substantially smaller since the 1960s and hundreds of thousands of steelworkers have lost their jobs. Some steel firms and many steel mills have shut down entirely,profoundly affecting regional economies based on steel and its related industries. An industrial transformation of this magnitude has inevitably given rise to efforts to identify its underlying causes. This book is a contribution to that effort.

This book examines the current difficulties facing the U.S. steel industry and policy options to tackle them.

Conceived as a prologue to the 1930s industrial-union triumph in steel, Labor in Crisis explains the failure of unionization before the New Deal era and the reasons for mass-production unionism's eventual success. Widely regarded as a failure, the great 1919 steel strike had both immediate and far-reaching consequences that are important to the history of American labor. It helped end the twelve-hour day, dramatized the issues of the rights to organize and to engage in collective bargaining, and forwarded progress toward the passage of the Wagner Act, which, in turn, helped trigger John L. Lewis's decision to launch the CIO.