In a free market:
If the worker is not receiving adequate compensation for his talent, skill, and labor (his product), he can sell it to (work for) someone else.
Likewise, if the product (labor) is not worth what the provider of the labor is providing, the employer should be able to pay market value for the product provided, or hire someone worth the salary demanded.
In the Goonion world:
The economy suffers greatly because we consumers are forced to pay for the inherent inefficiencies of unwarranted high salaries. Workers will continue to do inefficient things, employers cannot hire more efficient workers, and we all pay for it.
Yeah, that's great and all, but tell me what talent or skill it takes to drive a forklift. Or dig a ditch. There is none.
Unless you want to seriously advocate that it is in our economic interest to have a huge portion of society working at poverty level wages, the market response to low wages is collective bargaining. It avoids the need for any government interference, and everyone goes home happy.