People overpaid. That's what we did.
As an aside, I can do my job better than other people. Thus, my job is not under threat. Competition is good for everyone, and if someone comes along that can do my job better than I can at a cheaper price, I certainly can't expect too much sympathy from an employer--if I were the one doing the hiring, I'd hire the other guy, too.
The answer, superior, is to make yourself valuable enough that you can't be replaced. In certain industries, like manufacturing, that is difficult. C'est la vie. We can't go on living in the past. Times change.
That's fine, as long as the person who is being hired to replace another worker is an American or a legal immigrant. Hiring an illegal alien is a violation of federal immigration laws.