[dragonwriter]

> Human on Human interactions, which are required for the majority of employment, employ game theory to ensure that your pay is below your value.

Sure.

But now we're talking about “in practice” not “by definition”.

[Supermancho]

In theory there is no difference between theory and practice – in practice there is” (Yogi Berra)

I do not use the "ideal market conditions" theory to describe what happens in practice, because it has little utility (except in predicting some very constrained trends).