Although I appreciate that you are entitled to an opinion, I couldn't agree with you less.
While you and your Pollyanna attitude are trying to get your head out of the sand, the rest of us will be strolling on by with our heads held high and our wallets a little bit fuller than yours.
Furthermore, and perhaps more importantly, the question of wages is not always about the fact that the Chinese can always find someone to do the work for dirt-cheap wages. It's more about their need to find truly qualified teachers - a task more easily accomplished by providing salaries that will lure such teachers to China, and that will ultimately improve the quality of EFL education here.