Why aren't you complaining about the inflation -- it's not a natural phenomenon, you know. Global wage "arbitrage" wouldn't be a factor without our government's policy of cheapening the value of the dollar.
You're chasing the wrong problem.
Businesses are cutting costs and increasing competition, not because of inflation but of the global competition of reduced prices. Instead of raising the salary of a productive worker, ya can always go overseas. That, and companies can easily offset inflationary increases with hedging.
I agree inflation is a concern, but the greater threat will be deflationary outcomes. High unemployment, high debts, etc. Deflation looms large.