You can't outsource your home to China.
Globalization does not make every day cheaper it just provides more choices and will in aggregate always increase the cost of living.
So as long as your job/income is on the right side of the rise of the cost of living you are fine but if you are on the other side with either no job or poorly paid job or as a freelancer (with no healthcare) then you are in trouble no matter how cheap flatscreen TV become.