We have pushed many of our industries overseas again and again with heavy government regulations. While OSHA, workers comp, EPA, etc. minimum wage, etc. laws and regulations may have some sense, we have to realize that these same laws also reduce employment and push industries overseas and make many of our overseas competitors more competitive. If we could create a 100% safe society through passing safety and employment laws we may have to satisfy ourselves with 100% unemployment as well.
Well these days "more competitive" is a just synonym for "cheaper", which in turn means "higher shareholder value". Workers in Europe and North America have to deal with the cost of living in Europe and North America. It's not possible to live here on the typical salaries paid in places like India and China. So it was never an option for workers the 1st world to be cost competitive.
As for the safety issues, companies moving manufacturing offshore to places where working conditions are appalling is simply immoral. Things like this and this which, quite rightly, would never be tolerated in the 1st world are just shrugged off when they happen in places like Bangladesh. People there are apparently just an expendable resource in the pursuit of corporate profits.