DislikedYes. When a factory in the west is no longer profitable because of the high labor cost, regulatory cost and taxes it gets dismantled and shipped to China where it's more productive. Where's the mystery in that ? Capitalism works- it generates wealth for society. The only reason it now seems not to be the case is cause society came to include China, India etc while until recently it only comprised the western world.Ignored
Also, not all industries suffer from this...and yet they still face declining salaries. Take me for example. I work as a niche expert and Asia isn't really posing a threat to my field at all. I was in Hong Kong last year and met my peers at a conference there...there's less than maybe 20-25 experts in that field in SE Asia. Yet my salary still decreased by 35% over 4 years. Of course I get why it's happening (more people here looking for the same job than there are jobs in that field), but it's clearly not an issue of China stealing our jobs