Agreed, and it never was a realistic goal. I'd argue that was always known, but lax labor laws made it an inviting environment for profit maximization...
American work is not the world standard either. "Made in USA" is absolutely not a guarantee of superior workmanship. Buyer beware.
Blaming the supply side for cheap import stuff is like blaming exporters for this country's drug problem. Just like illicit drugs, trash import parts are brought...