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It is if we want to continue our current standard of living. It's either that or stomp the capitalists at the top of these corporations. Which do you think will actually happen?
That is what the capitalist at the top say to all of us. This is the inherit problem with this argument.
If a standard of living requires people to suffer then are we right to have that standard of living. Especially since it isn't like we can't all have a decent standard but the rich elites want more and more wealth. They are the problem but instead we want to fool ourselves into thinking that staying in the middle class is something that is sustainable. Unless you can guarantee that you are going to enter the over valued class then you are more likely to enter the under valued class.
Also I really shouldn't have to present it this way, we should be able to recognize that people should be paid what they are worth or at the very least a living wage.
TLDR; Standards of living is not an excuse to have slavery with extra steps