Isn't that what your government believes: low wages increase competitiveness?
That means more UK nationals in London coffee houses and picking carrots in Lincolnshire – but only if wages increase.
"Labour market slack still exists and we will not see wages increase meaningfully until the labour market tightens further.
The ranks of the jobless have shrunken, and millions of workers are seeing their wages increase, though not by much.
And in the absence of a tighter labor market, there is little chance that workers will see wages increase anywhere near as much as corporate profits have.
The company expects the average to reach more than $10 by the end of 2016, as minimum wages increase across the US.
Although some of that may be attributed to tenants downsizing, it may also be because of more people on housing benefit finding work or seeing their wages increase.
In a country where real wages increase in line with productivity, the shares of wages and profits in national income will remain constant.
Between 2003 and 2013 right-to-work states created a net 3.6m private-sector jobs, saw wages increase by 15.1% and manufacturing GDP rise by 26.1%.
But employers claim that without right-to-work laws, unions would organize more members, and as wages increase, jobs would be lost.
If your wages increase by 5%, but inflation increases by 6%, do you still feel good?Before advocating inflation, consider who wins and who loses.
