The trend WILL continue - via unions and min wage we've (collectively) artificially inflated our standard of living for years. People make a minimum of $7+/hour for doing the most basic, unskilled labor in this country, and we all pay for it. Like it or not, it's going to equalize somewhat - all we can do to try to mitigate it is stress quality education and innovation - the things that made this country great but are slipping in recent decades.
I'm blessed to work in a market that is already global and has been for some time - my competitors are anyone who can do what I do world-wide. I say 'blessed' because I consider this a true blessing - the market is already equalized for me. That makes the career even tougher, but it's also more lucrative if you're successful.
There's no way to avoid the fact that unions and min wage are going to be forced out in this country. Whether those changes help us avoid a more sever economic slide or those changes occur as a result of said slide is what's up for debate. Short of our becoming totally isolated as a country, outside of exports (won't / can't happen) there is absolutely zero chance to avoid the inevitable - unions and minimum wage have to end.
And no, just because the results are the same doesn't mean it's socialism.