Per the SPE entry on Baudrillard, an academic, yet succinct, reading of Baudrillard:
“Labor is not primarily productive …, but is a sign of one’s social position, way of life, and mode of servitude. Wages too bear no rational relation to one’s work and what one produces but to one’s place within the system”
This is key to understanding our current situation. Your wages are not connected to your work but to your position within society.