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by lukevdp 2124 days ago
Yes but it is wrong to do so because wages are not set only by the worth a worker is to a company. That is only one side of the equation (demand). The labour market also have a supply side component which is the ability for the company to find labour.
1 comments

You seem to be refuting a claim that no one made. We aren't only talking about wages, but the amount of value the worker contributes to the company. The latter is typically significantly higher than the former. In a profitable company, this is true by definition (at least on average across all the company's employees).

Another way to look at it is: what is the maximum a company could conceivably pay for a particular role, even if that amount was way above the market rate? That number would presumably be a bit below the value that role is expected to contribute.