if you really believed in free market capitalism youd know it doesnt devalue real labor. thats a myth. labor is valued in relation to capital goods and productive assets. if i have an island with 10 people on it, and we bring another 10 on to work and contribute. my labor doesnt go down in value, the 10 people are now adding goods to the economy they can be traded for my labor. i now have more competitors for labor, but i also have more competition for goods. if the specialization of these extra 10 people can boost overall average productivity, then we all get richer.   free markets already account for this. friedman explained why in all scenarios its good to have multilateral free trade. comparative advantage will always work because if other countries dont buy your shit, they wont want your dollar, if they dont want your dollar, your dollar will drop until they eventually do want your shit.
Gadsden