We’re engineers, not royalty. There’s nothing any one of us could do that would justify these wages, if it wasn’t for US immigration policies causing an artificial supply/demand issue.
This is business after all. Your value is a combination of what you bring to the company and how hard you are to replace. FB makes $$$, the $$$ didn't just appear out of thin air, it happened because of the people who work there. Giving engineers a share of all that money seems much more reasonable than giving zuckerberg a second private jet.
Executives, CEOs and shareholders are all highly compensated for their risk in both time and money and are not "royalty." I would argue that being royal implies birth as an unjustifiably paid skill.
That too is wrong. Paying wages based on supply/demand instead of based on the value an employee actually provides leads to exactly this kind of heavily distorted labor markets.
I admire Europe for achieving a good lower bound on the standard of living of a person in society. If it were my way, all labor laws would only apply to those making less than 100K a year.
The same laws which protect lower income earners by making hiring/firing expensive, make the cost of hiring/firing well paid employees astronomical. That puts a serious damper on the fluidity of labor markets.