It isn't just high paying jobs that are being lost. It's tax revenue paid from those jobs. China has built up their infrastructure and military, while we had to borrow billions to bail out our auto industry (and we still lost Chrysler), and we had to raise the debt limit to pay the interest on our loans.
And for what? Those cheaper prices and benefits to the consumer we were promised? So much for that promise.
You’re right. Americans are slicing their own throats to get the best price.