>I don't know what is exactly this "race to the bottom" that the Left is
>talking about. Is this absolute immiseration of working people thesis?
It's a staple of the antiglobalization literature, at least in the U.S. and other high-income countries: nations and regions compete against each other to see who can offer the most attractive deal to hypermobile capital, resulting in markdowns in wages and environmental/social standards.
Doug