The market equilibrium price may be the most efficient, but efficiency doesn't care about morals and ethics and "shoulds". Human beings should be treated human

The market equilibrium price may be the most efficient, but efficiency doesn't care about morals and ethics and "shoulds". Human beings should be treated humanely, ascribed intrinsic value, and moral considerations should be applied to interactions with them. Neither economics nor physics cares about human rights, but systems can be built to accommodate other value systems than the defaults that stem from raw theory. Maybe wages set above equilibrium will result in consumers losing out. That's inefficient, but not necessarily immoral. I strongly believe that utility functions are not evenly distributed. Giving Jeff Bezos $1B and 100k workers $10,000 each is not as good as an outcome where Jeff gets $500M and workers get $15,000 each; it's not even as good as Jeff getting $400M and workers still getting $15,000 each.