Those whose compensation is unfair usually run for another employer (that another employer sometimes being themselves). Money is simply a proxy for the value of the goods/services they produce for the society.
This doesn't happen efficiently, however. Moving upwards is risky and the consequences of a downward-adjustment (getting layed off) often include bankruptcy and financial ruin.
If that's true, explain drug money.
I'm being serious.
Money is a decent proxy, but not perfect. It's important to remember that. It's good at measuring quantity, not quality.
<devil's advocate> Drug dealers/producers produce products that provide the user with exotic and novel experiences and which may increase the user's sociability. Similar to the travel industry and a personal life coach in a small form factor, drugs are good/service that many people seem to want. </devil's advocate>
It's more than wealth creation, though. People must also be paid fairly for the wealth created. Wealth creation is happening, the problem is that the rewards for it are all being skimmed away and those in the middle are being squeezed-- squeezed out of their homes, out of their cars, and out of their educations.
The housing boom of the last decade resulted in a great deal of wealth creation. That wasn't the problem. The problem is who ultimately winds up owning that wealth and how much it's worth on the market.
It's true you can't just wave your magic jobs wand and "create jobs," it's true that people gloss over the need to create wealth and eventually be profitable. That doesn't mean improving the number and quality of jobs (or work) available isn't an important focus.