True, millions of similar jobs are created overseas, but that's when salaries are so cheap that automation is more expensive than just manual labor. As wages go up, automation makes more sense in manufacturing, and job losses happen to those countries too.
When looking at developing countries that are actually developing (instead of stuck in the middle income trap) what we see is a picture of a more developed country decades ago, except with access to modern tech. While the modern tech makes them move faster, you should expect them to be more like the US or the EU every year. Look at pollution: China has a huge pollution problem, but that's not unlike LA in the 70s and 80s. People are getting wealthy enough to demand environmental regulations, and in a decade their government will care about environmentalism.
So instead of thinking about how China or India have things that we've lost and try to turn back the clock, it's more productive to think that we have to deal with our own problems today, as China will also have them in 20 years.
When looking at developing countries that are actually developing (instead of stuck in the middle income trap) what we see is a picture of a more developed country decades ago, except with access to modern tech. While the modern tech makes them move faster, you should expect them to be more like the US or the EU every year. Look at pollution: China has a huge pollution problem, but that's not unlike LA in the 70s and 80s. People are getting wealthy enough to demand environmental regulations, and in a decade their government will care about environmentalism.
So instead of thinking about how China or India have things that we've lost and try to turn back the clock, it's more productive to think that we have to deal with our own problems today, as China will also have them in 20 years.