It isn't at all, and having lived in countries on both sides of the coin, I can tell you that people are getting a
worse product in return,
without the local job creation. I've written more about it here [1]. A trivial example is Google Maps. I've gone a bit more in-depth on that example here [2]. In a nutshell, you get much less enshittification, far better customer support (humans instead of ML models), and all the other things that used to be completely normal but were slowly boiled away while getting people used to it in the name of shareholder returns.
For clarity, I took the discussion as being about software, as physical goods (including hardware) are an entirely different beast which my points don't necessarily apply to.
[1] https://news.ycombinator.com/item?id=42538601
[2]
https://news.ycombinator.com/item?id=42286046