This a wonky article, but it touches on fundamentals questions and factors in considering what constitutes an economically "just" wage, including the impact, and policy adjustments, required by "structural" change WHILE striving toward full employment. Structural is an important, but somewhat squishy term, in economic literature: Here it refers to significant changes (e.g. the IT revolution, or monopolization) in the division of labor and capital -- primarily generated BY the real economy (either consequences or side-effects) -- but that appear to current markets as "externalities" -- i.e. not market forces.
The Fed shouldn't give up on restoring labor's share of income—and measure it correctly