Well, we have a problem, then. Currently the whole of commerce and the whole of industry consider it a moral imperative to pay less than a living wage to worker

Well, we have a problem, then. Currently the whole of commerce and the whole of industry consider it a moral imperative to pay less than a living wage to workers, because that's how the value proposition shakes out when you include all possible sources of labor local and global, and include the option to automate away the labor entirely. It's considered a moral imperative to seek the lowest cost and highest efficiency. Far from being 'not allowed to continue', any business that can legitimately arbitrage its labor so that it's paying less or substantially less than a living wage for equivalent labor, is celebrated and encouraged with the full force of societal capital. No other consideration is allowed to happen. FDR's thinking absolutely doesn't apply anymore. Maybe it should, or maybe this just reveals the fact that our economic system is now orthoganal to human survival as a species.