First, let me just say excess job hopping will almost certainly get your resume rejected by my company (and most I have worked for). Just to define, I would consider job hopping less than 3 years in a position, but that's an arguable definition. As a manager, I value stability and want to hire someone who will be with us for the long term...because we're going to invest in our employees and we want a return on our investment.
With that said, I have not been receiving resumes with falsified credentials or experience, but I sure get a lot that aren't even remotely qualified for the job. And, most recently, I got a bunch of resumes from other countries. I'm more than willing to flex a little on what I am asking for, if a candidate has somewhat relevant experience and demonstrates a good fit for our company culture, but to apply for a CMM Programmer position when you've never even inspected a part or even worked in a quality role is wasting my time. Did you not read the ad? I even had a person apply for a technical role that had never even worked in an industrial setting.
And yes, the salaries people are asking for these days. Yikes. But there seems to be more jobs than candidates, so I won't blame a person for leveraging themselves. Heck, if I wasn't a year or two from retirement, I might be out there leveraging myself, too.