As an economic consultant, you find it challenging to monitor your workers, and thus, you prepare a report in which you recommend to the firm's leadership team that the firm should raise employees' wages. One manager, however, makes the following argument: 'I think the wages we are paying are fine. As long as enough people are willing to work here at the wages we are currently paying, why should we raise them?' What argument can you put forward to justify that the firm should increase its wages? Under which economic condition (boom or sluggish) do you reckon you have a strong case, and why? Can it be sluggish?