Indeed, in a nominally free-market system, it would be completely irrelevant how much ‘skill’ is involved in a job. All that would matter for pay level is how much money the worker brings in. In an actually-free-market system, it would matter, because companies would have to compete on price, and they could lower their prices by paying less for skills available in abundance.
We don’t have a free-market system of any stripe. We have capitalism, in which the capitalists have been extracting record profits from the efforts of workers at company after company, while real pay has been stuck at the same level for decades. Neither he pay at McDonald’s nor the pay at Amazon reflect skill of the workers or the value they create for the company. It reflects only what the company can get away with.
Indeed, in a nominally free-market system, it would be completely irrelevant how much ‘skill’ is involved in a job. All that would matter for pay level is how much money the worker brings in. In an actually-free-market system, it would matter, because companies would have to compete on price, and they could lower their prices by paying less for skills available in abundance.
We don’t have a free-market system of any stripe. We have capitalism, in which the capitalists have been extracting record profits from the efforts of workers at company after company, while real pay has been stuck at the same level for decades. Neither he pay at McDonald’s nor the pay at Amazon reflect skill of the workers or the value they create for the company. It reflects only what the company can get away with.