It's not just overseas, it applies at the state level too. Take Michigan for example, with its awful unemployment rate. A result of bad state tax policies (and labor unions) have driven more jobs to other states than overseas (unscientific opinion) but the logic remains the same.
You know that thing about boiling frogs just isn't true. I tried it with a couple of frogs I found near my house. I put them in cool water and then put it on the burner and slowly turned up the heat. At first they just sat there, then when the water started to warm they started jumping out. I finally had to put a lid on the pot. I never knew frogs could scream, I always thought all they could do was croak. Boiled frog legs don't taste that good either.