There is a lot more to it than that.
Investors (Largely American’s) push companies to increase profits. So yes companies are working to make high investor expectations happen that benefit all investors in the US. Those who do not have a government job want their 401ks to make money not loose money. So like a government union employee they will too have enough to retire on.
Americans have spoke loud and clear with their wallets, cheaper is better and they widely do not care about buy American. (And good luck trying to, the 90% who do not care have made it a simple decision for companies to move most everything overseas or buy their parts and supplies overseas.) So your Ford truck is made up of probably 80% or more foreign made parts. So made “Made in America” (More like assembled in America) with foreign made parts.
Lastly the government continues to be just as responsible for rising prices and increased inflation. The government is all about the money. Printing more money, raising taxes, costly business regulations coming out yearly, run by self serving unions who demand automatic pay raises, huge retirements they no longer can afford or sustain (3-4 people getting paid for 1 job. 1 started working last week and 2 and potentially 3 on government fully paid or largely subsided retirement and full medical.), they want corporations and you to pay those retirements. Adding to the costs making companies responsible for the personal actions of employees (What a joke!) which forces companies to have huge HR teams and expensive liability insurance, making companies store tax documents for 7 years, oh yes shutting down America and causing many companies and those investors too lose money. They are not ok with you paying say 4% property tax for life on the cost of your home, no they want your tax to go up ever few years. They find new taxes to charge daily. Rent a car in San Fran they charge you $10 TRN tax. WhatTF is a TRN tax You ask. Well I did too, it’s a Train tax to ride the crappy little shuttle train for 5 minutes because they don’t want to give up those $30 day parking spots in front of the terminal and make it easy to rent a car. BTW the Hertz bus that did this prior to the city forcing it to be discontinued was free! (No BS BUS tax.)
The list goes on and on but if you ever worked as a corporate exec, an independent contractor, or owned a company, you know first hand how the government in the last 30 years has made companies charge 30-60% more to cover all the costs and bills from the above and then some. It killed tens of thousands of businesses along its path that can’t operate on huge profits no needed to pay all that overhead. That means every member on this site is paying at least 30% more at the store, at the pump, online, and for services.
Get ready for “Buy overseas“ then people will just pay for shipping, tax, and duty. The outcome of that will give you something to noodle on.