government strangulation = fig leaf to fool Conservative as to what is really happening which is labor arbitrage on an international scale to the lowest bidder. Regulations and taxes have nothing to do wit it. They are cover for corporate welfare.
Also consider that robotics is automating many repetitive jobs. If the third world labor don't get you the robots will.
We are entering a new economic paradigm. it's hard to see how it will work. I don't know if it is possible to stop it. Certainly we can fight for fair trade. But if we try to reverse course, I think we will be left in the dust by rest of the world.