I'm not so sure this "race to the bottom" is a characteristic I want to avoid. The most competitive markets in the world are always in first world countries. I'll take a fast food job for 40 hours any day of the week over most of the options in poor countries. Sure, nothing but the best, fulfilling jobs for everyone is ideal, but until I see that exist I'm not informed enough to know whether it's possible outside of someones political ideals.