Whatever that means.
It's not a one way street on US wages. Labor had a lot to do with inflationary wage demands and the rules are weighted in their favor. There is a tipping point and they surpassed it. So, yes, our industrial leaders sold us out, but labor had a lot to do with that, and the art of buying votes by pandering to labor had a lot to do with that. As you said earlier bad leadership - widely distributed poor choices.
Have you thought that the reason military spending is so high is that the bulk is built by US labor, and those companies do pay American wages? Have you also thought that the defense industry provides a lot of US jobs; there are benefits; the money doesn't just get poured into a hole in the ground. Could we do better? Absolutely, and if you've paid attention, I've been very critical of our overly complex military hardware. Stuff that's too critical to lose in battle and likely too complex to keep operating in remote locations - even if we have the logistics for support.