This isn't even an argument against the compensation itself, but an argument against a particular justification for why it's "right" that things are structured this way, or why it's necessary that they are, which argument is fairly common, but, IMO, laughably weak. Yet you see this argument advanced fairly often, in exactly these terms: "well of course megacorp CEOs are paid millions per year, look at all the risk they take that you don't have to, that's why they're paid the big bucks!" or "it's not just necessary but right that we reward capital, look at all the risk capital takes!" Meanwhile, my oh my, please, give me their "failure" state when that risk is realized.
Okay, and roofers and oil rig workers have far more fatal injuries than software devs, so then the person who works the riskiest job should get paid the most? Personally, I don't think it is a good idea to base an economy that way, but that is a whole another discussion.
>This isn't even an argument against the compensation itself, but an argument against a particular justification for why it's "right" that things are structured this way, or why it's necessary that they are, which argument is fairly common, but, IMO, laughably weak.
Wait, so if your not against the higher compensation, and you do acknowledge that capital takes at-least some risk, what is your real argument here?
Okay, and somebody who was born in poverty in a low-income country might be happy with far less money than even the lowest wage earner in America. All you're saying is wealth is relative. But we already know that, and it's not really an argument for anything!