The “Masters of the Uinverse” (Tom Wolfe) got fabulously wealthy sending jobs to China (and other places). We were propagandized that all they were doing was ceasing the production of buggy whips in favor of better paying, more productive concerns. (See Mitt Romney and Bain Capital). Unfortunately those “High Tech” better paying jobs turned out, for most, to be a second job flipping burgers. After a couple decades of rape and pillage across flyover country there little left to “harvest” so as those opportunities are coming to an end it’s safe to admit transferring $Trillions to China to make a handful of coastal elites fabulously wealthy may not have been a good thing. Which is good for you if you have managed to be one of those people who drowned your sorrows in Pabst Blue Ribbon as opposed to Oxy Contin. Clown World. All of it.
Do “they” really pass the savings on labor to the US consumer? I doubt it. If they did then what would be the point? They off shored to MAXIMIZE profits at the expense of US workers and quality. A win-lose-lose situation.