How is it "more efficient" when individuals who can do the job are not allowed to do the job because of some arbitrary price control floor? Literally nobody in

How is it "more efficient" when individuals who can do the job are not allowed to do the job because of some arbitrary price control floor? Literally nobody in society benefits from this arrangement besides a tiny class of programmers who can actually command that kind of salary. What you are recommending is the classic kind of supply constriction rent-seeking behaviour that used to ensure economic growth was utterly impossible in most economies.