Allowing your country's companies to under-pay your population probably has worse effects, even in the short run. Corporations are here to make things better for the populace, not to use the populace as resources to be raided before the corporation moves along to better things. That almost always seems to be left out of the analysis. Without any benefits from a corporation,we're all better off without them, except maybe a few big stockholders and C-level employees. If corporations don't help, they're not even Pareto-efficient.