To the people who pay the wages, absolutely correct. If you sell your house, do you think you get to dictate that the buyer must overpay based on your inflated view of the worth of your property? Labor, in any form, is a commodity that is sold to the highest bidder or in other words, is offered to the person willing to pay the most on terms agreeable to both parties. You, sitting at your computer, don't get to dictate what Mr. Kraft pays Tom Brady to throw a football every Sunday afternoon. That decision is made by Mr. Kraft based on his analysis of the return on his investment in Mr. Brady. Having Mr. Brady as his quarterback gets him exponentially more in return than what he pays out in contracted salary to him.
This in no way denigrades or disrespects the work that anyone else does - it's a matter of supply and demand - very few people can throw a football like Tom Brady - statistics will tell you that millions of people can be police officers, because there are millions of police officers - and there are probably tens of millions of other people who could be equally as good police officers but there aren't enough jobs.
If you think that millions of people doing a job that millions of people can do and are doing should be paid the same as the one person doing a job that only one or perhaps a limited few can do, then your view of labor and it's value is nuts and you're exactly the type of person I was talking about in my original post and the exact type of person who's the problem, not the solution.
Now, go give me the preachy, social bleeding hearted speech about how savings lives is more noble than throwing a football - it has zero to do with the labor market, period.
