What we have here is the modern version of a wage price control system. A much more sophisticated coat of varnish, but underneath, same as it ever was.
It's more sophisticated in there are hundreds of pages of legislation & regulations to give cover to the arbiters of the system - the crony capitalists & central planners (business and governments) & their bureaucratic functionaries. Under no circumstance will labour be allowed to have a win or threaten stability of the system. You take what you are given, there is no longer any genuine bargaining, and if you don't like it, the full force of the government will be used against you as a criminal.
Welcome to the modern face of repression, there is nothing new under the sun, here's a quote from 1850.
But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.
Then abolish this law without delay, for it is not only an evil itself, but also it is a fertile source for further evils because it invites reprisals. If such a law — which may be an isolated case — is not abolished immediately, it will spread, multiply, and develop into a system.
The person who profits from this law will complain bitterly, defending his acquired rights. He will claim that the state is obligated to protect and encourage his particular industry; that this procedure enriches the state because the protected industry is thus able to spend more and to pay higher wages to the poor workingmen.
Do not listen to this sophistry by vested interests. The acceptance of these arguments will build legal plunder into a whole system. In fact, this has already occurred. The present-day delusion is an attempt to enrich everyone at the expense of everyone else; to make plunder universal under the pretense of organizing it.
The Law
Frédéric Bastiat