Economic Theory overlooks reality,

It is not that the sacred market cannot pay workers better, but rather that it is not convenient. A person in a state of need (tied to debt or poverty) is a modern, docile, manipulable, functional slave. Just like the indebted countries—the indebted poor, not the indebted rich.

Source: Supply and Demand Is a Scam to Disguise Inhumane Working Conditions | The Smirking Chimp