I agree but the main problem is many people are moving out of production and manufacturing and going into service based industry. Also, we cannot compete with other countries (like China) when it comes to price. They underpay their workers and their workplaces are not as tightly regulated as here, which is why many companies have moved their manufacturing overseas. What we need is new technology so we can move away from human-based manufacturing to machine-based manufacturing (ie robots). That way, manufacturing here would become cheaper since you don't have pay a machine to do work.
Then we move to the end of work and a welfare state.
Like I said it will take a change in the dynamic. Prices have not really dropped since NAFTA and the fact is only profits have gone up. Moving production back home will not have much effect on the consumer.
It can be done and should be done but the (R) people wont have it.