CEOs and board of execs are liabilities towards a company's economic viability. Front line workers are essential. They took away pensions from front line employees, while increasing golden parachutes for the top. Company goes bankrupt, the CEO still gets their money, and is probably on the board of execs for five other companies... Five more parachutes. Funny, though, companies that go bankrupt- usually have a simultaneous upstart company offering the services, and is run by one of the executives that was part of the bankrupting failure- who then hires back the same employees for less...
But this problem of only paying homage to market forces when it suits them- that has yet to bite them in the ass. critical care workers in all domain of medical are getting burnt out. they are quitting. Staffing agencies for nurses and doctors pay out salaried for a traveling care provider- are paying upwards of 7k a week just to staff a place! never mind every time you bring someone in you have educate them to your procedures and policies and how expensive that is. Staff turn over is at its all time high.
It's going to break.
We not only need living wages, we need less hours. Like, human hours. 4 day work weeks, 3 consecutive days off. No one working business hours can get things done unless they use PTO or call out sick, which often means taking from the PTO- because companies traditionally don't want to pay. We need banker/school holidays for majority, not just bankers.
And when banks use our 401Ks to buy property, all revenue from those properties should go back to the 401K owners! Not the banks. That, or get rid of the 401K lie and return to pension plans and treat people as if they all deserve golden parachutes.