"Why should we accept that the “talent” of someone who writes jingles for an advertising agency advertising dog food and gets $100,000 a year is superior to the talent of an auto mechanic who makes $40,000 a year? Who is to say that Bill Gates works harder than the dishwasher in the restaurant he frequents, or that the CEO of a hospital who makes $400,000 a year works harder than the nurse or the orderly in that hospital who makes $30,000 a year? The president of Boston University makes $300,000 a year. Does he work harder than the man who cleans the offices of the university? Talent and hard work are qualitative factors which cannot be measured quantitatively."
This is another thought I always have when people say, “Rich people earned their money and they deserve to keep it!!!” What about people who worked just as hard, just as many hours, and didn’t make much money?
The average CEO pay in America is 380 times the average pay of their employees. Most economists believe that for an economy to be healthy and wealth income disparity to be low, the highest-paying person at an organization should only make 10-15 times more than the lowest-paid employee. (In 1980, CEO pay was only - *only* - 42 times more than average pay.) I refuse to believe that any CEO is working 380 times harder than their secretary.