Or, not quite: the workers are being exploited just like they were during the colonial period. But at least now their rulers have power over our rulers that they didn't have before. So they get to be happy about that as they make novelty items out of toxic plastic for Temu.
Anyway, the answer is both. They were being exploited 60+ years ago, and they're still being exploited now, regardless of if they can take the train away from the factory that they work at to visit their relatives over the holidays.