The workman whom I pay justly will in turn learn to pay others justly. And the nation which has such a sense of justice will grow happy and prosper in the right direction. According to this line of reasoning, economists are found to be wrong. They argue that increased competition means growing prosperity for a nation. This is not true in fact.
Competition is desired because it reduces the rate of wages.
The rich become richer thereby and the poor poorer. Such competition is likely to ruin a nation in the long run. The right law of demand and supply should ensure the payment of a just wage to a workman according to his worth. It is for this reason that men are drawn to government service. There, salaries are fixed according to the gradation of posts.