Well, the alternative is slaves to corporations, which isn’t going so well. The only reason it’s not worse is government interventions. There is a significant percentage of the population that can’t fend for themselves or have little value to employers. Your approach basically condemns them to die or live in abject poverty. It also causes crime as they run out of other options. There’s no reason that a society with as much wealth as we have has to be this way. Everyone deserves to have at least food, shelter, medical care, and basic necessities. As technology advances, the share of the population with no value to employers is likely to grow significantly in the near future, so you may find yourself eating your words