&quot;what we collectively find valuable&quot;<p>The mystic approach to markets.<p>What determine the wage of a job is scarcity or abundance of people available to do that job. Multiply by one hundred the number of doctors or programmers and you will see &quot;how valuable&quot; their job is.<p>You can apply that to the economy in general. Keep a few millions without job and you will see how you don&#x27;t need to pay so much to the lucky that have a job.