Trouble is Andy you are looking in the wrong place to fix the problem, attacking wages in line with Tea Party dogma leads to an ever declining living standard, exactly what is happening in the US at the moment. I am old enough to remember the US in the 1950s when people could get married, buy a house, own a car and put their kids through college but those days are long gone and the American corporate sector is continuing to shaft ordinary Americans every way they can.
I come down on the side of Main Street over Wall Street and in line with the old US Constitution which was designed by the American founding fathers to protect Americans from exactly what is happening now, foreign bankers in bed with the FED, foreign corporations bleeding America dry after having bought out the US Government and a looming civil war complete with FEMA camps and an ever growing police state. Rather than attacking the living standards of ordinary Americans, constitutional rights need to be protected and enforced so that Americans have a chance of living a normal life with some opportunity.
You are not alone here, the UK is in terrible trouble and they are pursuing exactly the same line with much the same result. We have had a good run here in OZ but with a recent conservative government being elected that is starting to change and national income is being redirected to the foreign owned mining sector, manufacturing is moving off shore and living standards are starting to fall.