Offshoring & distribution of remote work may be bad for you but very very good for humanity.

There will still be local opportunities and huge benefits of being in the first world due to better education and networks. Those benefits will be diluted by remote work/offshoring increasing, and others will benefit due to that.

Probably the increased productivity itself will boost everything for everybody (better matches of employees & employers = higher productivity & cheaper products everywhere... eventually) but in times of change it can be rough in the short term if your income depended on a tightly protected market and the protection just disappeared.