I find that view to be a little harsh. It demeans all those people who choose to work for organisations that can't/don't generally pay as much but are driven by other purposes (eg NGOs).

You bring up a valid point. I should have stipulated that I only feel this way about normal for-profit businesses. But I think I covered myself a little with "inequitable" if we take that to mean compared to others at their organization.

I greatly respect people that work for less than they might in the case of non-profits.

Well said. I've volunteered regularly prior to having kids because I was truly giving back to society. At some point, having more money loses it's meaning.