One of the hardest qualifications to fill is to find the right worker willing to work for what the company wants to pay. So long as the workers overseas are a lot cheaper then that isn't going to change.
And that is the key.
My current place of employment is losing out to another company that pays more. The response? Call the other company and suggest it lower its starting wages. Hints of using political pressure against them (though I doubt that will work), and calls to the local and state government for tax breaks.
If you suggest as a manager that you increase the pay of anyone below E Class managers, you will be laughed out the door. The only price that is able to be changes is wages, and with massive pressure to cut costs that is where all the pressure goes. The drop in employment is not just because of automation.