It all makes perfect sense as I just naturally assume that all old-school US consumer goods go through the same sequence of events:
1) sell the company, close US factory 2) license the name to a manufacturer in China 3) cost reduce, cost reduce, cost reduce 4) profit!
You could make a good BOLTR-like youtube channel by weighing and measuring changes over time in common products. The KitchenAid mixer would be a good one.