You don’t work all your waking hours, and if someone does, they usually make that much or more.
Also, I have been salaried several times in my life, and in each case, I was expected to do various things outside of a 9-5 "workday" sort of framework. Without being too self-oriented, I think that I earned the salary commanded. I've never been compensated even $200k/yr, and my highest is about $150k/yr. Even those of us that are well-paid and well-respected for our work are not paid enough to justify the time that we lose to work.
These are all just estimates.
But if your life is worth x per year, and you x * z number of waking hours, and you trade some of those waking hours for cash ...
Where am I wrong?
Edit: I’m not even sure why we are pruning non working years from the calculation.
In other words, society doesn't care what you're doing when you aren't working, as long as you're leaving society alone. Thus society has no real reason to pay you just for existing. We might demand that our society put money in everybody's pocket, as a way of creating a capitalism which respects humanity, but it is not strictly necessary, because money is not strictly necessary for a society to exist.
So the total value of your life, to you, should necessarily include all the money you can earn plus all the things you do that you value more than working.
Etc.
Edit: I’m not disputing that other systems, including non money based systems are possible, it just seems way outside of the scope of the original contention.