Earlier quoted context omitted.
I know many college graduates in their mid/late twenties doing various "knowledge" jobs. Many of them consider their jobs soul crushing. Most people don't like their work. Most people don't like waking up on someone else's schedule and do work that their told to do. That's why businesses pay them, after all.
And I always thought businesses pay you because you do something which they value, and that this is sometimes soul crushing is just a coincidence.
Companies will only pay what they have to.
Some examples of industries where tons of people work for shit money (less than a person of their abilities could earn in other industries) or even sometimes for free because of an emotional attachment to that industry are showbusiness, art and academia.
Then you have the opposite examples, like working on an oil platform - most of those people would earn less money if they had picked a different industry, because they have to be paid more to agree to live on an oil platform and do a shitty and dangerous job.