>>212013987Ultimately it's this.
Having a huge amount of people willing to work for very little just means businesses will lower wages since they actually can do that now. The bosses would be satisfied, but the native workers would be fucked.
And that would also affect things like vacations, safety rulers.... where the bosses would just cut everything to save money since now they can hire people with lower standards and demands.
There's also the housing effect anon talked about.
So overall decrease of standard of living
Only hope would be for Indian workers to somehow start demanding more and this effect would be mitigated in time. Or if India becomes richer and the workforce gradually becomes less cheap.