it possible that someone keen on cost-cutting through outsourcing but didn't do it because it still affordable enough to bring someone in but now with the higher cost to bring someone in, they will chose to outsource instead.
How can you, an american, with a family, mortgage, car payments etc., compete financially with someone from a "shithole country", who's willing to work for very little money and live on a bunk bed with 7 roommates in a two bedroom living container? (literal situation currently in my company)
Life is about trade off, if the American want to be paid more in order to have all that then they better provide more value for their employer compared to someone from "shithole country"