A good chunk of the world has shifted that way since 2000, its actually baffling.
On one hand being baffled may be a symptom of not seeing certain things and on the other it maybe a reaction to seeing things and feeling powerless.
I would caution against simple answers to things though. Me right, them wrong is never a useful explanation.
I wonder why the blame is on the US or American companies, which offer better working conditions and pay, rather than Indian companies for not being competitive enough, or the expats for "defecting" from their home country.