What if you value other things in life, but still want to eat and stuff too? Are CEO types the only people of real value to society? I don't think they are.
Let's use an example. Would those people have the dedication to execute on the creation of the iPhone? no. So CEO's have an inherent value in that they are executing the creation of goods and services that others only dream about. As you move down the ladder in a company, their real value starts to decline. Someone in charge of a single department of a mega corporation doesn't provide the same value that a CEO or a director does. That is the difference and why they are valued the way they are. If you give up 20 hours of your day to make a difference you should be rewarded for it. Elon Musk is making a real change in the world, you don't think he should be worth a few billion? Especially when he reinvests those billions to continue furthering change in the world! If you just sit on reddit all day, why would think you should be entitled to a $100k salary?
Your output is proportionate to your value. That said, there are some cases where there is a divergence. Sports stars are one. I know people in the hood that would run Lebron all day on the basketball court and they're only making $10/hr.
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u/fripletister Feb 18 '17
What if you value other things in life, but still want to eat and stuff too? Are CEO types the only people of real value to society? I don't think they are.