Every American's quality of life will go down when the next generation of tech companies that dominate the world economy come out of China and not the US because they can attract better people.

Can you explain that more? Does quality of life go down in every country which doesn't "attract better people?"

Did quality of life go up in China because it "attracted better people" or were there other reasons?

One of the things your comment made me think about is the US citizens I know who have relocated to other "less developed" countries in order to make their quality of life go _up_.

Does the quality of life for people in Japan go down because Google is headquartered in the US?

As a US resident, would my quality of life go down if Microsoft were headquartered in India, Facebook in Singapore, Google in Denmark, and Apple in Japan?

It all seems rather complicated and murky.

Chinese companies may attract better people, but people who live outside of China don't find China attractive.