The concept of "underpaid" and "fair" wages is fundamentally subjective. Is a burger flipper underpaid because he cant raise a family a buy a house on that wage, "underpaid"? Or is his labor simply not that valuable? Is a techbro making $300k "underpaid" because his employer is making $500k off his work?
On the other hand skilled vs unskilled labor, as well as the concept of human capital are well recognized concepts in economics.
On the other hand skilled vs unskilled labor, as well as the concept of human capital are well recognized concepts in economics.