Say, remember when the argument was we weren't paying teachers enough. We couldn't get the best to stay because we weren't paying enough and we were losing the best to industry who could pay better. And now, only a short decade later, the argument is we're paying them to much? Why? Because we're paying them too much, that's why.
So notice how the argument is going? For executives and other top earners, we can't tax them more or deny their bonuses or hold their pay increases down to, say, cost of living because we'll loose the best people that we need to continue to drive our businesses into the ground and off shore US innovation. Not to mention the proliferation of Vice Presidents with in an organizational structure that we now have several layers of VPs. But for the other end, we pay way too much, we should cut jobs, maybe even just get rid of the minimum wage all together. Because that's how the market will drive us to the correct levels of compensation.
Get it yet?