You said, “This idea that a business should pay people even when they contribute ZERO productivity to the company’s operations has no basis in any sound economic principles.”
Are you suggesting that there should be no “earned” Vacation Time and no “earned” Sick Leave as a benefit of employment? In other words you advocate that, If you are not at work, you do not get paid? Do you also advocate that if you are not at work you can be fired?
Therefore I assume you work 356/yr. Good for you.
That's the equivalent of getting more than 10 weeks of paid vacation in a typical year.
I challenge anyone to come up with a better idea for balancing compensation with worker productivity.