One thing where is a business that could not pay labor costs can exist at this end - say you design something, like a line of dishes or the like. But you can't afford a factory in the US. You can afford Chinese/Indian labor. Therefore that business exists here in the US and eventually employs people where it would not otherwise.

I recall being in Australia and they were very wise there - the labels did not just say "Made in China" like ours do, but "Designed in Australia/Made in China"

All in all this issue is not so black and white and cut and dried as job for job.