The story as told above on how production moved to cheap labor countries, jobs were lost as well as purchase power has a weird continuation where the decline of purchase power scales down production and makes life harder for the cheap laborer therefore more fragile. We shift from [the absurd] putting the consumer in charge of the economic decisions to having the "choices" made by (or more like making the results depend on-) people all the way at the bottom of the food chain. We are pretty much left collectively hoping that they can keep up with our unreasonably demanding demands.
I'm not even complaining that we are squeezing people to hard. I have issues with a system that can just abruptly stop - entirely! Sure, I want cheaper products but I have no idea what kind of risks we are taking. I should not be the one to decide. I would rather have a large group of highly trained professionals calculate the risks and present them in a way we might understand. Make me a map of the [proverbial] meteor strikes and the global economic consequences. What parts of the show can go on if ingredient X is taken out of the soup?
(edit: Ofc there is more than cheap labor pushing localized specializations which increase efficiency and decrease resilience)