No the reason why is because of outsourcing and process engineering with automation.
In 1980 1,000 accountants and book keepers making $80,000 a year in today's dollars were needed to run a fortune 1,000 company. Today, about 8 or 9 in India making $10/hr with excel and great plains accounting and Oracle can get the job done. Accounting majors start at Walmart where they are worth more.
Indians are for those with MBAs and 10yeaes experience for those expensive $15/hr jobs.
Robots can do manual labor cheaper. Websites can automate web page design cheaper and the coders for the glue can be in India to cut costs further.
So why should companies pay more? The US government has a whole department to help you outsource and will reward you with a tax break as an incentive to screw their own citizens.