That has been tried and didn't work. Neither did cheaper machines. Remember that textile machines pretty much gave birth to industrial automation, so the technology is as tried and cheap as it gets. Still not enough.
What about an `artisan revival` where people sewing clothes would have a decent life and we would get high-quality clothes (let's face it, $5 t-shirts don't last long) ?
That could be it. It's certainly what a lot of people are trying right now.
One big problem with it is that it's such a cheap target for PR. It's cheaper to build an "artisan trademark" that people associate with quality in other ways than to actually sell high quality products. And even if you do manage it the hard way, your trademark would become a very valuable acquisition target, with obvious consequences.