of "Made in America"

Many people will gladly pay high price for products made in USA/Europe if those products carry a famous brand name and values. Take Ferrari for example, a recession-proof company that actually has to limit production to maintain brand status.

I know this example was from a niche market, but this might actually be the way to go for US and EU based companys.
Like someone said earlier, 200 factories with 100 employees each instead of 1 megafactory with 10k staff.

Trying to compete with Asia in mainstream markets where number one USP is price is nonsense.

Apple just combines both elements. Hipster design savy approach combined with cheap mass production.
There are other cheaper alternatives out there but they have still managed to achieve incredible success.