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Isn't that supposed to work by developing a skill that the "C-Suite" wants? (The people making the most money on these companies, btw, are not the "c-suite", its' the investors who own the company)
How does one "hoard" money?
That’s why I wrote “C-Suite and investors”, btw. Why do you think that a person should only get the lowest amount their employer is willing to pay? That’s not how it is supposed to work. It’s supposed to work like the Peasant’s Revolt of 1381, or the Secessio Plebis of 490 BC, or the Khmelnytsky Uprising in 1650. It’s supposed to work like that in the sense that this is how it has historically worked, with the modern fantasy of “just compensation = set by employers” being an historical anomaly limited in scope. This modern fantasy is not found in developed European countries, neither is it found among white collar professionals like doctors and lawyers who lobby to increase their pay.
How does one hoard property?
You're basically asking that a low-skill worker at a company with high margins get paid more than a low-skill worker at a company with low margins, right?
It should be clear that this is inefficient. If I can choose to be a high-skill employee at a low-margin company or a low-skill employee at a high-margin company, it's clearly in society's best interest that I do the former. When wages are set by market rate this is, indeed, what happens. If we lived in your society then I'm going to squat on my high-paying low-skill job for as long as possible.
I don't relish the idea of economic inequality, but I put up with it because the alternative is Jeff Dean scrubbing pots. If you want to help poor people do it at the government level. Forcing successful companies to pay only their particular employees more is bonkers.
The efficiency that matters is if a larger portion of the population has a higher quality of life to produce more, healthier children, and if they have the resources to educate their children well. The efficiency that doesn’t matter is if we have rung out the lifeforce of 80% of the population so that 1% of people can waste resources lavishly. Surplus resources going to Bezos and wealthy stockholders is much more inefficient than if it were spread to his workers and increased their quality of life.
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Automakers aren't even high-margin companies. 5% net margin is a pretty good year.
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By not letting others use it. Do you imagine the investors in GM are somehow both investing in GM but also not allowing other people to use their wealth?
Do you think people invest without receiving appreciation or dividends? What do they do with that? Do they give it all away, or do they buy expensive unnecessary things for pure vanity, wasting the resources required to train its manufacturers, then manufacture it, then ship it, then store it, etc.
It is not possible to both hoard money and also give it to somebody else in exchange for goods and services.
I'm sorry for picking on this, but this particular thing is a pet peeve of mine. The idea that it is even possible to "hoard" money in any meaningful way is a fundamental misunderstanding of money. The only way I could think of accomplishing this would be to literally hold us paper currency in a vault. Nobody does that.
Okay, we can see if that way, but then they are doing something infinitely worse — abusing and destroying resources, value, and potential, which are what underlies the importance of money.
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