No. You are flat-out wrong. And why did you put inflation in quotes? It is what it is.
Monetary inflation is the greatest secret evil governments can inflict on their citizens. If the government did not continually add to the money supply, American wages would increase as technology improved workers' productivity.
But the portion of manufacturing expenses devoted to labor would remain the same. When the government debases the currency, our wages increase faster than those of other countries making us uncompetitive.
It is not "globalism" that causes the problem, it is our very own government's policy of cheapening our currency.
That is debatable. In a healthy economy, prices would come down, and 'wages' would remain stable or incrementally increase.
I disagree on your inflation point. ALL countries are inflating their money supply. But, and yet, companies are still choosing to offshore production. Your complaint of inflation in a global environment only works in a vacuum.