I just want to mention the concept of the so-called race to the bottom, which I've certainly heard more times than I can count. It would be very nice if business could afford that, but they have to compete. The reason governments have higher wages, salaries, benefits, parental leave, and more holidays, and on and on is that they're not competing in a market. People and unions always want more, but the pie is only so big, so the more one sector sucks out, whatever that is, the less there's going to be available for the others, and businesses have to compete.
On April 15th, 2010. See this statement in context.