I get that from another perspective your answer is also correct, but the reality is the large pay is really so that EA's blockbuster video game sells and a small upstart of 45 software people that want to make their own amazing game does not beat them. Those 45 people will take the paycheck rather than collectively start a game company now.
What happens next no one is sure, but I can tell you, that if the amount of cheap software surfaces because 1 man army companies take out TeamViewer, Photoshop, Jira, etc... because of LLMs - then those wages will drop, and drop fast and it has nothing to do with the 330 million people "having a say".
There are also hundreds/thousands of elections annually through which we collectively set policy directions. Contrary to belief, politicians are responsive to voters over long periods of time. So over time, the policies that are continually ratified do reflect our collective choices.
And for at least the last several decades, yes we have collectively decided through our policy directions that there are classes of jobs whose holders are not deserving of material prosperity.