By "equalize" he probably means "lower" for many. Perhaps he doesn't want to say to those of us in high-wage countries to realize that we're competing globally

By "equalize" he probably means "lower" for many. Perhaps he doesn't want to say to those of us in high-wage countries to realize that we're competing globally for position salary-wise, and thus companies are incentivized to pay you less, because there is someone else just as qualified as you who will work for less.