Yeah, they pretty much are worth what the capitalist market says they are, and your ideas about what your efforts are worth are overblown and bogus.
What, in a capitalist market, are your efforts worth? They are worth what people are willing to pay for them. Any more than that is to be gained only by coercion and theft, and that's what "progressivism" is all about.
Just as a general observation, if the current trends continue, which is pitting U.S. workers against workers in third world hellholes making $1 an hour or less, losing real wages each year, while a tiny few at the top reap all the gains from U.S. economic growth, and capture an increasing share of income and wealth such that inequality is at record levels in the U.S. and getting worse by the month, then something is going to give, and there will be someone espousing populism elected, and you all should hope it's someone like Warren and not someone closer to Castro or Chavez.
And the thing about "capitalism" is that the rules determine to a large extent what wages are 'worth' and so pretending that there is some invisible hand out there determining this stuff is just ignorant of basic economics. There has been now a decades long effort to rewrite the rules to shift power from workers to employers, and it's worked beautifully. The two most obvious are efforts that weakened unions and 'free trade' which means a production worker here competes against someone making 25 cents an hour, if he can get paid at all.
The funny thing is conservatives recognize that open borders are also a fairly transparent attempt to undercut wages for U.S. workers in certain industries - farming, slaughterhouses, cleaning, yard maintenance, construction, etc. and those undocumented workers in those jobs willing to work for far less than U.S. workers move the wage scale for jobs 'above' them downward, keeping a lid on wages for blue collar labor across the board. So they support limits on the free movement of labor, while irrationally championing free movement of capital. But at least conservatives see the value in setting the rules - closing the border and fining employers who hire undocumented workers - in such a way that it benefits U.S. workers and harms (in their argument) U.S. small businesses, including small farmers. Warren is doing NOTHING more than that, except she has the intellectual honesty to favor it in other areas.
So the Tea Party contingent is taking an anti-free market position on the border and screaming to deport undocumented workers. Big business wants labor to be free to cross borders same way they are free to close a plant, destroy a town, and move it to Thailand, if that's where they can get lowest denominator production. And they support this because the 'market' value of labor is something less than a dollar or two an hour on the world market. I get a little tired of far right wingers not even recognizing the cognitive dissonance, or hypocrisy, if you will.
Sure, we can as a country determine our policy on the border and let in who we want to let in - that's our right as a country, and we should set our border policies to protect the interests of the U.S. and U.S. workers. Absolutely we have that right and in my view that obligation. Well, we have the same right to set the rules of everything else for the same purpose. For 200 years we had tariffs to support U.S. industry and U.S. workers. If you set the rules up like that, then the "capitalist market" will "say" that wages should be higher than they are now.
If we allow actual free movement of capital and labor, consistent with 'free market' theory, then all anyone is saying is we should watch our living standards converge with India and China Pakistan and Indonesia and Thailand, and working people better get used to subsistence wages, no security, retiring in poverty, with healthcare reserved for the tiny class of elites. If conservatives are for that, I'd think it would be better if they just put that result out there honestly.
IF that's not the result we want, then there isn't any question we're going to intervene in the market, we will have to. So at the end, you agree with Warren in principle - Big Government interventions ARE necessary - you just might disagree with her on the details.