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Explain why according to neoclassical economics, wages of workers will be set by the value of...

Explain why according to neoclassical economics, wages of workers will be set by the value of the marginal product of labor?
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According to neoclassical economics wage of a labour will be determined by his contribution to the production. His contribution in physical terms is marginal product. But what matters is what it fetches in market. This is found by multiplying price with marginal product. The resulting sum is value of marginal product..if wage is below value of marginal product the firm will continue to hire labour till it becomes equal to wage since it maximises profits by doing so. Conversely if value of marginal product is less than wage, the firm will reduce demand for labour since it will incur loss

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