--- title: "Meaning & Key Takeaway of: Competitiveness is defined as the ability…" description: "\"Competitiveness is defined as the ability of companies to compete while maintaining or improving the average standard of living. If you are cutting wag..." image: "https://sms4smile.com/quotes/i/86a/michael-porter-12352_ability_competitiveness-is-defined-as-the-abilit_2916065.jpg" --- # Competitiveness is defined as the ability of companies to… ![“Competitiveness is defined as the ability of companies to compete while maintaining or improving the average standard of living. If you are cutting wages to become more competitive, that's not really more competitive. It's raising the skill and the efficiency of those workers so that they can…” quote by Michael Porter](https://sms4smile.com/quotes/i/86a/michael-porter-12352_ability_competitiveness-is-defined-as-the-abilit_2916065.jpg) [Download](https://sms4smile.com/quotes/i/86a/michael-porter-12352_ability_competitiveness-is-defined-as-the-abilit_2916065.jpg) [Open image](https://sms4smile.com/quotes/i/86a/michael-porter-12352_ability_competitiveness-is-defined-as-the-abilit_2916065.jpg) > “Competitiveness is defined as the ability of companies to compete while maintaining or improving the average standard of living. If you are cutting wages to become more competitive, that's not really more competitive. It's raising the skill and the efficiency of those workers so that they can support and sustain that higher wage.” [Michael Porter](https://sms4smile.com/quotes/author/michael-porter/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. True competitiveness improves productivity without harming workers' standards of living; cutting wages is not genuine competition. **In simple terms:** Competitiveness should raise wages, not cut them. Key Takeaway Raise skill and efficiency to support higher wages. Themes economics business strategy labor markets Mood analytical critical pragmatic Type business economic When to use this quote - corporate policy - government regulation Key Concepts productivity skill development wage growth Questions to Reflect On - How can companies increase wages sustainably? - What policies encourage skill growth? A Different Perspective Higher wages require higher productivity, not lower costs. ★ ★ ★ ★ ★ No ratings yet [Ability](https://sms4smile.com/quotes/about/ability/) [Company](https://sms4smile.com/quotes/about/company/) [Competitive](https://sms4smile.com/quotes/about/competitive/) [Competitiveness](https://sms4smile.com/quotes/about/competitiveness/) [Efficiency](https://sms4smile.com/quotes/about/efficiency/) [Life](https://sms4smile.com/quotes/about/life/) [Skills](https://sms4smile.com/quotes/about/skills/) [Standards of living](https://sms4smile.com/quotes/about/standards-of-living/) [Support](https://sms4smile.com/quotes/about/support/) [Wages](https://sms4smile.com/quotes/about/wages/) [Workers](https://sms4smile.com/quotes/about/workers/) ## Related quotes > [And the trajectory that our debt is taking now beyond $14 trillion is going to have an impact on our currency. 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