There would still be a pay scale, increasing with education, experience and responsibility
But the guys in the factory floors work HARD. It's really impossible to say that the guy who has the job as president and ceo is 1000x smarter and more experienced and does 1000x more work.
My arguement for a 50 percent higher than average pay for president position simply says that, yes, with more education and experience, people tend to do a somewhat better job.
But not a thousand-, or a million-, or a billion-times better. Bill Gates, for example, was just lucky. There are alot of people like him that have led charmed lives. And among them, there are many that have capitalized on their good luck. Are we to believe that with sufficient financial resources that most people in the world wouldn't also? I think they would.