"I feel very lucky to be making good work still. The confidence of youth, or that sort of competitiveness you get when you're 22 or 23, the impatience - that's probably been tempered. Hopefully I'm slightly better company."

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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