It is good to compete until prices drops super low.... technology drives efficiency and offers better stuff at greater quality tities for lower prices. It's not actually helpful to overpay for things just to ensure a living wage. This living wage is at a lower standard of living. You don't build a building with a thousand men with shovels because someone else will build one nearby using bulldozers. Consumers would rather preserve their own hard earned money than overpay in order to grant someone else a higher than necessary wage.

Sure. But asking for a company that doesn't race to the bottom doesn't actually help here; you need to prevent the race from occuring in the first place, rather than ask for companies to stop trying to race.