That is the corporate party line but it is really propaganda to cover the real issue which is labor arbitration across international borders. Complaining about regulations and taxes are the political cover for off shoring. You have to watch BOTH hands of the magician to know what is going on.
I believe the term you mean is “labor arbitrage”:
‘Global labor arbitrage is an economic phenomenon where, as a result of the removal of or disintegration of barriers to international trade, jobs move to nations where labor and the cost of doing business (such as environmental regulations) is inexpensive, and/or impoverished labor moves to nations with higher paying jobs ...