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You don't actually pay a lot. You pay what is fair. The only reason other phones cost less, that is, cheaper is, precisely, because of all the shortcuts these corporations unethically took.
For example: a burger shop can offer you a $4.99 burger, or the same burger at $0.49 with stolen meat processed by underpaid employees working 7 days a week for 12 hours. You get used to the $0.49 deal, then you start seeing the $4.99 burger as "very expensive."
I'm well aware, I just meant that it costs a lot more than other phones of similar quality. Not saying there aren't good reasons for that.
You're technically correct, but again: It's not that the fairphone costs a lot more. It's that the other phones cost a lot less for horrible reasons.