The ones designing the vast majority of IP are paid in wages, the ones who own the IP have not actually designed it, or played a minimal role, ie outlining what they want designed. Copyright is something that is truly unnecessary in general, it is at its best when protecting the vast minority of small producers who own their own designs and can actually afford to manufacture and sell them, but the bulk of the economy is not at all organized in such a fashion to begin with.

Yes, because that is where all the profit goes in Western companies, and not the CEO, upper management and stockholders...

You are not wrong in assuming that exploited labor is being under compensated, but different models of labor exploitation aside, people actually making value are not the people reaping the benefits.