The people at the top, the wealthy who own the capital and businesses, aren't giving anything up at all. Instead, since global labor arbitrage will decrease wages, they'll be able to keep larger fractions of workers' contribution to the act of wealth production for themselves as profit.
I thought you guys on the Right supported free market concepts such as international trade and opposed trade and immigration restrictions for those reasons. Isn't it the Right that says it's none of the government's business if companies want to layoff Americans and move their production (for domestic consumption) overseas or hire foreigners on H-1B and L-1 visas?
So, when will the Republican Party and Tea Baggers advocate an immediate end to the H-1B and L-1 visa programs? Why didn't the Republicans put an end to mass legal and illegal immigration? (Who is the government to tell businesses that they have to hire Americans and who is the government to say who can and cannot live in the country if they can find someone willing to rent them an apartment?)
Basically, the economic force of global labor arbitrage will transform us into an impoverished third world country. It's happening right now. All of those people who lost their jobs are now poor. Millions of people have also discovered that their large investments of time and money on college education have also been wasted. A large percentage of the population is on food stamps and tens of millions of people have large debt burdens, including (non-dischargeable in bankruptcy) student loan versions. (We can thank the Republicans for making private student loans non-dischargeable.)
The media has reported that lost middle class jobs have been replaced with poverty-wage retail service jobs. In the meantime, many people are working for less than slave wages by working for free at internships. (At least if you are a slave your room and board are provided.) The way things are going, in twenty years we might not have a middle class in this country.
In the meantime, because of mass immigration, the character of our nation is slowly changing in that fewer and fewer people will remember what it was like to have ever been middle class. We will reach a point of no return and the populace will come to passively accept widespread poverty as the natural American condition just as people do in third world countries and Latin and South America today.