Food for thought; the 1959 steel strike.
"In the long run, the strike devastated the American steel industry. More than 85 percent of U.S. steel production had been shut down for almost four months. Hungry for steel, American industries began importing steel from foreign sources. Steel imports had been negligible prior to 1959. But during the strike, basic U.S. industries found
Japanese and
Korean steel to be less costly than American steel even after accounting for importation costs. The sudden shift toward imported steel set in motion a series of events, which led to the gradual decline of the American steel industry. "
Wikipedia quoted.
As Pogo sagely observed, "We have met the enemy and he is us."