Market rate == value, not fair or unfair compensation (from the wager earner perspective).
If the value generated from work is less than minimum wage, it may not be that fair to the business, but usually those types of unfair scenarios are corrected.
Fairness in compensation for an individual revolves around a livable wage. Of course, “livable” is highly debatable. Should livable compensation be enough to be able to save? Does it include being able to afford a home in a safe neighborhood? What is safe?
If the value generated from work is less than minimum wage, it may not be that fair to the business, but usually those types of unfair scenarios are corrected.
Fairness in compensation for an individual revolves around a livable wage. Of course, “livable” is highly debatable. Should livable compensation be enough to be able to save? Does it include being able to afford a home in a safe neighborhood? What is safe?