China is no longer a cheap-labor nation on the margin. Walmart is only bringing those jobs back (in a pledge over ten years, we’ll see…) because wages have compressed here - thanks in-part to Walmart - and it makes more profit. They would be negligent if they did it for any other reason according to their supporters.

It’s basically a big middle-finger to the workers… thanks for taking the huge pay cut suckers, but keep buying our shit. Globalization plus neo-liberal plus supply-side policies are great in aggregate after all.