It really is not. To see why not, imagine how you'd feel if you had a coworker who would come to work drunk (if they came at all). They would still be paid the same as you. Your only recourse would be to talk to this person as a "meeting of the peers", which they would proceed to ignore.

This was reality under the Soviet system, and was one of the main reasons it failed.

Now, I understand why I am getting all the cheeky responses and the downvotes. People are hurting. Capitalism in the US is currently failing under a different failure mode. The capitalists are relentless optimizers, even past the point where optimizing their metrics stops making sense. Their metric is "extract as much wealth from the populace as possible", and it's gotten to the point where the people are disillusioned, and very soon there will be nothing left to take.