Yes, and Americans freed from making textiles and other low-margin garbage now made in China are manufacturing and providing higher-end, higher margin, items and services, resulting in a greater standard of living in the US.
It's terrible.
It isn't terrible if you have a highly valued skill set or unique ability. However, it's pretty done bad if you worked in a factory turning out low margin garbage.
I can't believe all that is happening in this country......right before our EYES and nothing is being done about it. Why are our leaders ignoring this? I feel like screaming at the top of my lungs.."WHAT ABOUT US"??? HEY....WE AMERICANS STILL LIVE HERE!!!! I'm sick to death of watching our jobs go to other countries and the jobs left here are being snatched up by illegals because "they are doing the jobs most Americans won't do". That's a LIE!!! We like to eat and pay our bills just the same as everyone else! Grrr.....