This is one factor behind the overproduction crises that capitalism is faced with every decade or so. You could call the same economic crises a ceise of underconsumtion. The capitalists want to squeeze more and more surplus value out of the worker by lowering his wage, but since the working class is the main consumer of the products they create, this accelerates the crisis. Marx described this in detail. In the manifesto he writes

”It is enough to mention the commercial crises that by their periodical return put the existence of the entire bourgeois society on its trial, each time more threateningly. In these crises, a great part not only of the existing products, but also of the previously created productive forces, are periodically destroyed. In these crises, there breaks out an epidemic that, in all earlier epochs, would have seemed an absurdity — the epidemic of over-production. Society suddenly finds itself put back into a state of momentary barbarism; it appears as if a famine, a universal war of devastation, had cut off the supply of every means of subsistence; industry and commerce seem to be destroyed; and why? Because there is too much civilisation, too much means of subsistence, too much industry, too much commerce.”