He didn't raise wages, he offered a bonus. For that bonus he owned your asp. He controlled who you associated with, what you drank, when you went to church, whether you gambled, what you said to your wife, what language you spoke at home. Even at that, the bonuses were eliminated with the depression.
Even with the bonus Americans wouldn't take the jobs. His workforce came from eastern Europe and the deep south. Hank needed workers and the blacks in the south needed work. You could have drawn a line at Mason-Dixon and said that anyone who crosses this line is ILLEGAL and still they would have come. On many lines English was a rarity. He did force his workers to take English classes.
You cannot repeal the laws of economics.
Today is no different, except that with global trade we've managed to enjoy a high standard of living by hiding the working-class misery out of sight in places like Mexico, China, Malaysia, Indonesia, etc.