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let's spell it together, kids, w-a-g-e t-h-e-f-t
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Youre so right, exploration through waged labour isn't even illegal!
youre like that douche who scolded me for telling someone retail workers minimum wages are .30c higher than they actually are. Oh youre technically right, thank god we're building a bridge and that .30c really makes a difference.
Its not a technicality though, it's a completely different thing.
I think it's worth keeping 'wage theft' to that particular definition, to help with tackling what is a big problem and legally recognised (as illegal). And, as someone else said, so workers don't dismiss it as a far-off ideal and miss the chance to fight for their illegally-stolen wages.
Wage theft in the sense of theft of fair share of generated value/profit, needs a new name.
How about profit theft? Value theft?
After all, calling it wages already accepts the idea of owners and employees.