Home > economics, politics > “Increased Competitiveness”: a blessing and a curse

“Increased Competitiveness”: a blessing and a curse

How come when business people and those in the government talk about the need for “increased competitiveness” they invariably mean more money for those at the top of the pile and lower wages for the people at the bottom? So, in order to keep the top people in an era of increasing competition, we need to reward them with more money and lower taxes while to maintain competitiveness and slash costs, we need to cut the wages of workers. Doesn’t seem like a viable system to me, more like a vast con job visited on the majority by a very small minority.

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