The 1% didn't create this. The 99% wanting to be able to do more with less did.
Supply...demand. Neither knows nor cares about your perception of what is moral, or what is not.
Who created the "with less" part of the statement you just made?
Every single individual walking the face of God's green earth. That's who.
Are you truly so stupid you can't see that someone buying a product for $80, instead of $100, so they can spend the other $20 on something else is what every one with a functional brain does?