Indeed, just look at the CGI VFX industry of Hollywood. US invented it and was the leader for a long time, but now it has been commodified, standardized and run into the ground, because union or not, you can't stop US studios form offshoring the digital asset work to another country where labor is 80% cheaper than California and quality is 80% there. So the US is left with making the SW tools that VFX artist use, as the cutting edge graphics & GPU knowhow is all clustered there.

Similarly, a lot of non-cutting edge SW jobs will also leave the US as tooling becomes more standardized, and other nations upskill themselves to deliver similar value at less cost in exchange for USD.