Well, it's not nothing...but making the ridiculously poor slightly less poor isn't something I'd call an "amazing achievement" since it's stupid easy to make them not poor.
Didn't we already try the bread and circuses thing? Capitalism is exploitative by definition, civilizations lasted longer that it has existed so how "stabilizing" it is is certainly not a given, in fact there's evidence for the exact opposite. Capitalism doesn't "restore equilibrium", it dictates it, it's authoritarian and non-merit based.
I don't think it's ethical to pay that little period, but I don't see Waffle House commercials talking about this either, so if the company isn't trying to profit off of it and the employees want to do it I'm all for it.
As with most things, it's a little of both, not binary. Your decisions effects others, others decisions effect you. You can spend your entire life not making a dent into how complicated that particular equation is..or...you can just not be a dick and either try to help other folks or at least not go out of your way to make their lives worse.
If you're working for profit, competition is awful. If you're not working for profit competition may or may not be good. Regardless, how you personally feel about competition isn't relevant here.
It just occurred to me that some companies may dictate devtools which would make this question make more sense, as well as reinforce my negative opinion of business decisions.
Project management isn't trivial, but it isn't outrageously difficult either. What makes it difficult is when you need to spend hundreds of hours a week making up numbers that bear no relationship with reality in order for someone above you to put a green box in their powerpoint presentation.