The U.S. has a lot of manufacturing, but our manufacturing is no longer the large shop employers it used to be.
The market vs. the economy is an interesting issue, and wage growth is part of that. One way to derive more profit, pushing up the market, is to pay employees less. The balance of the return on the product has shifted away from employees toward investors, which is good if you are an investor, but bad if you are a middle-class worker. While we hear noises about it, it has been a surprisingly little-discussed political issue.