> Executives, CEOs and shareholders are all highly compensated for their risk in both time and money

That too is wrong. Paying wages based on supply/demand instead of based on the value an employee actually provides leads to exactly this kind of heavily distorted labor markets.

FB generates around $2 million in annual revenue and $600k in net income per employee (not just engineers). If the only thing you consider is value generated by each employee, then FB should be paying far more. Maybe 400k for a new grad and 1M for a senior engineer?

Well how do you define value? Is it workers should get enough for a modest life, a fair pay for a fair days work, the rest goes to shareholders?