Here's one of the most generic electronic components - a 1K resistor.[1] These sell for about US$0.0015 each. DigiKey has a list of many suppliers.
There are a few old-line US resistor makers in there, including Bourns and Ohmite. They're price competitive with Chinese companies. But when you look up their engineering job locations, none are in the US or UK.[2] Plants are in Mexico, Malaysia, Taiwan, and Hungary.
To get prices down, engineers have to be very familiar with what goes on in manufacturing. If you separate engineering from manufacturing, you get overpriced designs.
Not that many people who went to a good engineering school in a first-world country today want to spend their lives inside a big factory in a low-wage country. But that's what it takes to make stuff.
[1] https://www.digikey.com/en/products/filter/chip-resistor-sur...