[majormajor]

Wages are more a factor of supply and demand and negotiation resulting from that than of value produced.

Otherwise we can have a long argument about if NFL players today truly produce 2-3x more "value" than 20-30 years ago for playing the same game.

(You might say "value" itself is coming from supply demand and that yes if more people have demand for NFL tickets or advertising spots during NFL games now then yes, the players are producing more value... but at that point when we acknowledge how interconnected and shape-able it all is, we could say that minimum wage is the government redirecting labor and businesses away from roles and behaviors that aren't even enough to cover the cost of living towards ones that are more valuable. Which would be... good?)