alt Hacker NewsThats a real big difference in how socialists vs ryandian people view the world.
The Ayn Rand philosophy holds that the people at the top are working hundreds or thousands of times harder than the rest of us.
The modern socialist view is completely contradictory, where most of the people at the top are supposed to be doing even less than a construction worker, but they're rich because of the return on capital or the right to extract some sort of rent.
This is an empirical question. 10 seconds of googling suggests CEOs work about 60 hours/week average: https://www.cnbc.com/2018/06/20/harvard-study-what-ceos-do-a... so harder than the average employee, but I'm not sure by what measure anyone believes they work 100x harder.
Perhaps the difference between a good CEO and a bad CEO is 100-1000000x the average worker's productivity, or even more. I suspect the real disagreement is: does that justify paying a CEO 10-100000x more than the average worker, even if they only work 1.5x as hard? From the perspective of a company it may be worthwhile, but I can see how some people might feel that's a little unfair.