Right now wages are growing pretty fast in India because there is a high turnover as there are a lot of competition for the skilled labor from global firms all over the world.
The problems is pretty complex when it deals with cheap labor and cheaper goods. One thing in America which pisses me off is CEO's wages have increased 300% over the last 10 years and they cannot even come close to empathizing with the average worker in his or her company when they make so much.
"Executive pay has risen by a factor of 10 in the last 20 years and shows no signs of slowing down. Meanwhile, the wages of rank and file employees are stagnant. Given all the money available, why is it that companies like Wal-Mart, Home Depot and McDonald's pay their employees so little and give them so few benefits? "
http://marshallbrain.com/etq-double.htm