Sure, electronics would be real competative with union labor rates, massive oppressive regulations, the highest and the corporate tax rate in the free world. Everyone would want a $5,000 IPhone.
A couple of examples to illustrate your point.
Here in Dayton we had an electronics research lab. They did a lot of work for the government and for industry. I once asked the CEO why he didn't market some of their inventions. He said he couldn't be competitive in the electronics industry while paying auto industry wages (the local GM plants effectively set the wage scale for the area). The Lab was eventually bought out by an out-of-town outfit, and no longer exists.
Another outfit made integrated circuits. The chief engineer told me that under EPA regulations the waste water they put into the sewer had to be cleaner than the water they drew from the city water supply. They're no longer in business.
Is it just me, or does anyone else see a plot to destroy American industry?