How do you know wages aren't low now, in comparison to the future? Wages have nothing to do with it. Having a 24 hour railways does.
Wages, at whatever level, have very much to do with the cost effectiveness of lifting redundant track. Decades ago, before our economy was de-industrialised, there was a strong market for scrap metal. With wages being low, there was a chance then of recouping enough from sales of scrap metal to finance the cost of lifting the surplus track.
Many disused sidings are a safe distance away from a 24 hour railway. The Wycombe lines between Greenford and South Ruislip, one of which is half buried, are not by any stretch of the imagination a 24 hour railway.
Quite obviously, with inflation being what it is, wages in future will be higher than they are today, although they may not buy as much.