This sounds all true to me, but I think there is more. It is not just decisions by management, it is also the wider economic context. Low interest rates and, for the US, having the world reserve currency as your own currency both seem to make many of these changes attractive or even inevitable. Low interest rates lead to 'innovation' which I put in scare quotes because besides real innovation it can also mean something that passes as innovation but in the end just turns out to be a bubble of stuff that was not valuable enough. The 'innovation' then crowds out investments in more boring sectors like manufacturing. This is also not good for the population in general because fewer jobs are left for people who are not suited for working in highly 'innovative' sectors.