"Out-of-towners" being cheap foreign labor and products and "locals" being native American businesses and people going bankrupt.
What we are witnessing is the fortunes of America being sucked off to overseas with the blessings of our own government.
IMHO, this will continue, regardless of whatever regime sits in the Oval Office.
As long as that regime is Republican or Democrat. And by the time that the people decide it's time to change, if they ever decide that, it will be too late to reverse the trend.