This situation rhymes with manufacturing jobs in the midwest.

Industrial and manufscturing jobs were offshored to Asia and Americans had zero chance to be price competitive relative to East-Asian labor

The diff is that Midwest didnt have Apple and Google to fall back on, they only had fentanyl to cope with their situation.

But now the situation is so bad, you cant even find talent in US even if you are willing to pay for it. Asian countries have better integrated supply chains that make manufacturing two to three orders cheaper than in US.

And nobody knows how to solve it, but there is only one solution.

End the USD as a global reserve currency, so that manufacturing in US has more power again, relative to financial industry. I dont see any other option long term