We are in debt up to our ears with China. They are loaning us back the money we spent building “ thier” economy. If Globalization is going to work then it should be implemented gradually rather than a mad rush out the door to take advantage of cheap labor.
Besides that most companies say it is not the cost of labor that causes them to leave but rather the strict government regulations and taxes. As has already been mentioned the environmental impact of the companies that have re located outside the US has been devastating. It is not just cheap labor they looking for but also they have no desire to spend the money to be responsible for environmental or safety concerns.