Earlier quoted context omitted.
People are going to be destitute if nobody is producing goods and services. Money is worthless if there's nothing to buy.
I think one thing that this pandemic is teaching us is that most people's jobs do jack shit to maintain the basic needs of society, and the ones with important jobs are often paid the least.
that's the wrong way to think about it, and also a misunderstanding of economics.
If a teacher is paid the way a CEO is paid, there won't be enough money for very many teachers. You'd find it hard to afford a teacher for your kids, let alone free education.
A doctor, back in the middle ages, is only affordable to the nobility. These days, doctors are still quite highly paid (too high imho), and that is one reason why medical services are expensive.
Imagine if you associate the "importance" of a resource with its price. Water would cost more than diamonds and gold! Water is needed for sustaining life - you die without it. Therefore, in theory, it's so important that you end up paying infinity amount of money to have it, under your system!
The fact that we have water so cheap (literally 0.000001 cent per cup), is a good outcome. Everybody can afford water.