Taxing and regulating is not why all the jobs are moving. It is simply a matter of wages. You never hear about executive positions being moved to low cost areas though do you.
1. Even a low wage is a wage, and it still costs more than a machine.
2. Low labor costs in Asia are partially offset by transportation costs. So it doesn't necessarily "cost less" to pay an Asian $1/hour vs. an American $20/hour for the same labor.
One of the big influences in the migration of jobs to Asia is that more and more companies are selling to Asian customers. This was illustrated in some of the discussions about the production locations for the iPhone. If you are a manufacturer like Apple and you are selling a product where 350 million customers are located in North America and 3 billion customers are located in Asia, where do you think it makes the most sense to produce it?