Yes. It also comes in the form of resentment or jealousy e.g. "those union fat cats make too much" vs "how could I make as much as those union fat cats?" Race

Yes. It also comes in the form of resentment or jealousy e.g. "those union fat cats make too much" vs "how could I make as much as those union fat cats?" Race to the bottom mentalities are deadly at all levels from working class all the way up to corporate strategy. In the corporate world you see it when companies focus only on their competition and struggle to undercut each other instead of focusing on creating customer value. You get a deflationary race to the bottom that kills both margins and product quality. It ends with a market full of gutted companies competing to make crap.