True, but it’s worth pointing out that those are not always bad things. Everyone clucks their tongues if a company shuts down a factory, lays off its 500 workers, and relocates to China. And while it does suck for the people who lose their jobs, to consider only the negative consequences and deride the company’s executives for being greedy bastards (as some in this thread undoubtedly would) is myopic.
There are opportunity costs involved with the continued operation of that factory. It costs money to run, and if it’s function can be performed more cheaply overseas then closing it frees up capital, which can be used to create more or better paying white collar jobs, to lower retail prices, and for research & development (and, yes, for increasing the size of the CEO’s paycheck). The people who lost their jobs will eventually get new ones, presumably with companies which have more need for their services than their former employer – in all likelihood, some percentage of the 500 will be retrained and able to enter an industry that’s growing rather than shrinking. Most fundamentally – and also most seldom mentioned – those 500 manufacturing jobs that were here represented 500 potential manufacturing jobs that were not somewhere else; there are people in China who need jobs, too.
There are similar potential benefits to the other examples you mention. While I’m certainly not saying that those things are good in every instance, it is true that they’re necessary (and therefore good in aggregate, over time). An economy in which companies were not allowed to reduce employee benefits, or relocate manufacturing to cheaper areas, or reduce product quality is an economy that would die a quick and ugly death.
I’m not disagreeing, but I’m curious: what did you have in mind?