Thats basically what happens when countries lower their taxes corporations go there. It seems to be something that the current administration doesn't seem to understand, if we're charging higher taxes, higher labor costs, for essentially the same service why not move elsewhere? Most businesses would want to stay in the US but when the US seems to be raising taxes for successful businesses, is there any reason not to move?
Whether we like it or not we live in a global economy. We know that When other countries give breaks like that, in the current system, it is at the expense of one or many countries. And is especially egregious to the employees.
Countries develop embryonic industries by giving them extraordinary breaks, they all do it. When other countries respond with equal or better breaks, we get trade wars.
Regrettably, as important as IT is, it is but one of thousands of industries. It gets lost in the cloud, while other segments get help.
This has nothing to do with administrations and everything to do with those who've got the most money to spend on politicians.
It isn't any administration, the current global economic system is brutal on employees everywhere. Our politicians are like the morons who do the same thing over and over again and expect different results when it comes to economic theories. And it's really hurting millions perhaps billions of people.