Where is your evidence that pay is "set by a giant, uncoordinated, massively competitive process?" Pay is set by a variety of factors that generally favor the wealthy and connected, usually in such a way that workers rarely benefit from expanded wealth (wage stagnation). Additionally there is a coordinated effort (see: any Koch political outfit or its allies) to weaken and destroy unions, which are the principle means other than law that laborers gain in wages and working conditions. Moreover, there is very strong evidence in the form of the subject of this thread that pay is set, at least to some non trivial extent, by acts of collusion.

It seems to me you believe very strongly in a black-and-white world where "the market" functions just fine. It is terribly out of sync with actual evidence, though, which you simply brush aside while scribing arguments containing numerous unsupported assertions and demands that others support their statements. As if we should simply accept your point of view as the truth by default.