It’s a reasonable point. But I think the distinction is SW wasn’t creating the economic value it does now. Similar to why firmware jobs don’t pay FAANG type salaries, the scale of economic impact isn’t there. (Not to be confused with societal impact).

So the question becomes, are CEOs pay commensurate with their added value? Put differently, is the rise in production mainly attributable to the CEO (as wages were largely stagnant prior to 2020, yet CEO wages increased rather dramatically.) Are they adding more value now than they did before and, if so, can we actually measure it?