One might say American workers have priced themselves out of the
market.

One might say that. One might also say that Cessna failed to design an
aircraft that could be built in the US for $100k. Others have done it.

You'd think one of/if not the largest single-engine producer in the world
would be able to do such a thing.

On the other hand, I'm sure the executives in the telecom industry and at
Citibank knew what they were doing, too.

-c