Agree but the problem runs deeper than the free market correcting itself. For example: America has the highest childcare costs in the world. We pay $2400/mo for two kids. It is a demanding job to watch and care for a classroom full of 2yr olds and yet, the teachers make like $11/hr which around here is not enough to make a livable wage. Two teachers close up daycare at 6pm and head to stop n shop for a part time night shift. I know others work other jobs as well. And not it’s because they want to make more money...it’s because their full time day job doesn’t support their basic living needs. You have to be really passionate to perform that job, I sure as heck wouldn’t do it lol. We should reward that but instead, our system is designed to take advantage of the labor.
How do we fix this? If the business raises their wages, then they will most likely raise our costs. Parents would eventually take their kids elsewhere...and around and around we go.