Yes, a company needs to extract more value than it pays its employees, if only to cover its other costs. The problem is when employees are significantly underpaid compared to what they produce.
Negotiation clearly doesn't work in the general case, otherwise we wouldn't have billionaires. There's too much of a power difference between an employer and employee, and companies have a clear incentive to keep it that way.
Negotiation clearly doesn't work in the general case, otherwise we wouldn't have billionaires. There's too much of a power difference between an employer and employee, and companies have a clear incentive to keep it that way.