The thing is, the industries didn't magically decide to teleport to countries with so called low cost of operation. The reality is that the cost of operating at low scale was removed in America first, before the industry left the country, by way of environmental and other regulations. The US had always made the lowest costing goods and services at scale for the whole world, while also paying the highest in history for its workers. There are other factors besides cost that go into maintaining a manufacturing business. With cost of business going up, the cost aspect caught up and eventually everyone had to move abroad to stay afloat.