Mike,
It's called cheap labour, it's called a drop in wages for tradesmen here,that means you & me. Mike you sound to me that your probably well established and set up in your business? and that retirement is sorted for you? well I am only 8 months into this business and I've got 30 yrs left to work.
I don't see it as "Competition" I see it as that I've paid more taxes into this country than any immigrants over here!
To have better Health Facilities,Education System,Police Force etc,etc; I've served in the Army for 8yrs and the Prison service for 7yrs, I now want to work hard for my family in my business and better mine and my Familys life.
It is not a prosperous future for the "Average Layman; So yes go on and sit down and keep taking it and it will come back and bite you on the arse.
Regards,
Fletch.