Agreed - Labor is the expensive part. Sometimes if you factor in the cost of ocean shipping to the US and duty, the price gets closer. I think there’s a tax discount for made in the US also. The attitude it one sticky point for me - so far, all the US factories don’t seem to want to do any bit of work outside whatever is normal and easy for them, while China factories will get anything done, anyway possible.
With the right planning and design for mfg, it can/could all be done here in North America.
Money talks in both locations, and the bigger the order, the more likely we are to get some good pricing, attention, flexibility, etc.