The problem in my view is, once dirt poor countries that work for nothing in horrible sweatshops to make cheap trinkets skill finally up and entire region moves from horribly poor to just poorish, the not en-vogue parts of the rich world will suffer some decline if they dont adapt and refocus on whats needed now and in near future.

Sounds like it matches those 2 regions although I am not that familiar with Toledo story. Also, from poor countries perspective it certainly looks like first world 'problems' they wish they had.

If we lift whole world from poverty then our western wages wont buy us much. You can see this in more egalitarian societies like nordics or Switzerland, there are no dirt poor, big middle class but you pay a lot for stuff and services and dont hoard tons of wealth. State picks up the tab for healthcare and whole education though. Thats the price for well functioning modern society (nothing to do with socialism), it has benefits but this is the cost and it cant be avoided.

I personally like living and raising kids in such system a lot, way more than US one for example.