If an employer offers an employee $100 per hour, and the next best offer that employee can obtain elsewhere is $90 for an otherwise equivalent job, should the employee take that job for granted? Is the employer exploiting them with their pay rate?
That would be the case in an idealized world. As with everything this depends on the circumstances and the economic activity of where the person is living in. I guess that with the north american eyes it is the employee's fault if the employee cannot find some other job since the only constraint for doing it is the personal drive. But there are other economical/educational constraints that don't allow people to have the necessary mobility for your example to be efficient and accurate.
Put down the Ayn Rand BS books. What if the employers make 10k per unit of work while they pay you only $10 per unit of work and they have all talked to each other to never pay more than $10? What do you do then? Complain? Go to court? Who do you think has more influence over the politicians/courts? You making $10 or your bosses that are all millionaires because of your severly underpaid work?