He isn't saying: We want a profit sharing agreement instead of salary.
He's saying: Extra salary that is immediately covered by the company raising the cost of their goods (rather than say - reducing executive pay, removing middle managers, or making less money for shareholders) doesn't get us where we need to go.
Because if the cost of buying all your goods is going up in direct relation to the raise in salary, (and this is happening across the market: inflation) - you aren't really getting a fucking raise at all. You're just floating.
The answer instead (at least in my opinion) is to change tact on how companies prioritize.
1. Workers need to be valued above shareholders (drive long term growth rather than sacrificing the golden duck for next quarter's profit)
2. Discrepancy between CEO and average pay needs to be curtailed - the current balance is driving a huge wedge into the relationship between a company and its employees.
3. Remove the inappropriate leverage that companies wield by controlling your healthcare/medical insurance costs
4. Remove pools of labor that are self-defeating: Jobs that pay so little the employee must be subsidized by government programs to live (think walmart/uber/etc) The best course of action here is likely labor movements (unions)