"As a reminder, generally speaking, under the global capitalist system, and definitely in the US, companies are obligated by law to do what is in the best financial interest of their shareholders, their owners.
This means that a company is legally obligated to pay you as low of a wage as they believe the market can bear. Mind you, they are not legally obligated to give you a fair wage (whatever that would mean), and they are not legally obligated to give you a living wage, but simply just enough in order that the work gets done and the shareholders, the owners, get paid the maximum profit. Your needs and interests never enter the equation– never.
Companies are not only incentivized, but legally obligated, to make life worse for you than it otherwise could be."