Do not forget the quality of the product. In order to compete against products from low cost countries you have to have an high end product. In a functional market a product of higher quality commits a higher price. In our situation nowbody looks for better quality, everything goes via low price. The fatal message is that product quality (including education) is not worth it... The counter oppinion of that neo-liberal idea is, that employees with sufficient income are solvent consumers. A worker should be able to afford the own products (Henry Ford?). But in a globalized world employers do not care about these things. They try to produce cheaply (eg pay minimal wages, low quality raw materials) and sell them expensive somewhere else. eg Most cars produced in Germany are subsequently exported, no average employee in automobile industry can honestly afford and maintain a brand new upper class BMW or Mercedes. Here in Germany you can find business sectors with very low payment (full time - 40 hours per week), below the official poverty line. These people have to ask for public support granted by the social insurance. Come on you might argue, no person with common sence would accept such conditions. Well... that might apply for a functional, free market. But it is not free, the government applies stress in order to force you in such a contract. The government releases such laws in order to provide cheap working power for its industry. The same thing was tried in countries like Portugal, Spain, Italy or Greece. At least in latter country the people try to defend themselves against such brutal misuse. Now in Spain the left-winged Podemos tries to act and win the next election. We will see if the European people can re-take their continental union from that neo-liberal clique...