[dnautics]

> So the value of their labor above and beyond which they are compensated for can be extracted and redistributed - mostly in the form of profits.

I don't think that is the working model. The value of labor is decreased by government policy because it's believed that wages are sticky and decreasing the wage value will lead to greater employment macroeconomically.

Yes, the downstream effect is that we line the pockets of corporations and the already wealthy, but the justification and motivation for it is progressive social policy.