ami-
Would you, as a consumer, be prepared to pay what it would cost for goods and services provided by businesses whose costs were not 'driven down'?
Firstly, that's a false dichotomy. The average citizen is both a worker and a consumer. There is no benefit to having cheaper goods if you're also being paid less. In fact, one of the problems we're experiencing now is lack of demand because nobody has any money to spend; wages have been stagnating in real terms for three decades.
Secondly, apart from lower costs or lower wages there is a third option: lower wages for CEOs and those at the very top, and lower corporate profits. The difference between the highest paid and the lowest paid was, on average, about 10x during the 1950s. Now it is something like 1000x on average.
There is a real problem here. A tiny minority are getting filthy rich whilst everyone else is just getting by - or worse, not managing to get by at all.
BTW, I'm old enough to have worked through a few of these cycles. There have been times when work has been plentiful and even as a young, not-particularly-qualified-or-experienced worker, I could pick and choose. At other times I have had to take whatever was available, regardless of whether or not it suited me or my circumstances (or, I suppose, claim benefits or starve).
I'm glad, but unemployment is at 8%, and in the double digits in many countries. For the young, it's in some cases nearly half. There simply aren't enough jobs to go around, and some jobs simply cannot be filled with people who are not suitable: it's not just about PhD graduates working in a bar, but about people who can't walk working in a factory, or people with Alzheimers working as a receptionist, or someone who needs flexible hours because they have to care for someone at all.