> Those whose compensation is unfair usually run for another employer
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.
"Money is simply a proxy for the value of the goods/services they produce for the society."
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.
I'll bite.
<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>
If you believe that drugs add value to people's life, then you've chosen the world you want to live in. I chose to believe that (addictive) drugs are really a tax levied on people with weaknesses to be exploited (we all have weaknesses that can be exploited). The purchase of addictive drugs doesn't create value but redistributes wealth from the folks that are weak to the exploiters of that weakness. I don't value drug wealth. That's the world I choose to live in.
<spaghetti monster's advocate> Values vary; the world you live in is only one planet.</spagetti monster's advocate>
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.