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Global migration of the work forces can indeed depress pay...but only if the local government allows it. This government here isn't so keen on taking corrective measures.
It would be interesting to see if for example Australia has the same issue. It has a points system along with a skill shortage system.
You also did not remark on immigration from outside the EU...about half of the UK immigration.
I'm not sure what the solution is. The closing the door horse has well and truly bolted everywhere.
The people from for example Poland who work in the UK when the pound was high did so because their wages were much too low in Poland. Perhaps we rather need an universal wage everywhere in Europe than restricting migration.
JWestland
If you allow free movement of people between countries that have vastly different standards of pay and welfare then the people of the poorer countries will migrate to the richer countries and depress the salaries in that country until such time as there is parity across Europe.
This will be suffered hardest by the low-skilled, low-paid of the richer countries - our working class.
The ultimate effect is a rise in inequality as a result of EU migration which is unable to do anything to fix it because it's a technocracy and is resolutely committed to the 4 freedoms, one of which is hugely detremental.