Good point, also, there is a huge pool of skilled and unskilled workers in the EU to draw from, especially hard hit countries like Spain, Italy and Greece with

Good point, also, there is a huge pool of skilled and unskilled workers in the EU to draw from, especially hard hit countries like Spain, Italy and Greece with stomach churningly high unemployment rates. Studies have claimed this has a negligible effect on wages, but I find it hard to believe.