@Melonlity -- you've just described why the United States has steadily lost manufacturing jobs since the 1980s. We have heard plenty about how cheaper labor costs lead to lower prices for consumers, but how true is that? Furthermore, it has been argued that the trend of outsourcing labor has been counterproductive -- corporations save on manufacturing costs, but the resulting loss of domestic jobs has resulted in less consumer spending in the wealthiest economy in the world.
A lot of people these days argue for a middle ground -- it is possible to organize a factory around the industrial democracy model and still make products that offer both a competitive price and guarantee a healthy profit margin.
We will not see the industrial democracy model go away any time soon, it seems. Labor has been fighting for representation since the dawn of the industrial age and that theory has, in fact, given rise to a lot of federal laws that govern the relationship between workers and management (40-hour work weeks, minimum wage, safety standards, etc.)