The LED competes with an incandescent. Absent government intervention the LED was never going to win that competition except in a few niche markets.
The labor component for LEDs is insignificant. With a sane tax code and a government which does not hate manufacturing we will make LEDs here. But it won’t employ many people.
To be honest, LED outdoor floodlights have it all over incandescents. I have not had to replace one, ever, as opposed to incandescents that burn-out after 2-3 months.