<snip>This trend simply HAS GOT TO BE STOPPED!!! If it isn't, we'll ALL - THE WHOLE WORLD - be earning wages equivalent to Chinese factory wages.

Jim you are wrong.
Chinese factory workkers like to rise their wages too. Their management and government understand this too and work in this direction.
The reason - you can produce cheap good, but if you do not receive good salaries this limit consumtion. Export is one of the options, but there is a limit. When you reach it you should improve your internal consumption. If you like more investment, working place, taxes this lead to rising of salaries.
Simple ecomonomics low.
Air Canada workers should reduce their salaries if they like to keep their jobs in long-run. With globalization of the world in next 50 years people will receive almost the same salaries for equal work, it doesn't matter where they live or work.