Every time I say it's stupid and counterproductive, I take gas from idiots here. The company here saves money, but ask yourself how the people they are hiring at 1/3 wages are going to be a market for American manufactured products.
Movies, music, computers, finished goods....
You may as well argue that they shouldn't move jobs to another state with lower employment costs. The same logic applies, only with a different (and still arbitrary) boundary or group.