What you describe is why many companies contract with offshorers to do that offshore management. You don’t describe an environment whereby many companies can afford to ignore the global pattern and trend.
The "global trend" is a race to the bottom, where everyone makes 3rd-world wages - and barely survives in 3rd-world living standards. Worse yet, most working people will be captives of their employers; basically they will be property.
This was the system in past millennia, and it is the system that the elites have always preferred in every age and place.
No, thank you. I don't want to go back to that future.