No, this is the effect for the last 50 years' usual "I will have my high paid cushy job while some other country somewhere manufactures products for me, taking on all the negative effects. Only positive effects for me. Yes, you should use our currency and take part in our inflation. Or we'll invade you. We will print 6T USD[1] in 2 years and you need to absorb that along with us."

Thankfully, this is coming to an end soon. No tears anywhere.

I know a version of this is what happens in every human age, not singling anything out, but don't get onto the moral high ground of "I am just trying to ensure everyone is well paid".

[1] additionally, 80% of all US dollars added to the supply were added in the last 5 years.