People don't work nearly as hard to day as they did 50 years ago. The average productivity rate has gone far above that. Wages are not an ethical, moral again, we're trying to apply a moral system an economic system and judge that economic system is immoral. It's the wrong metaphor. And ultimately, wages are determined by competitive market processes.
John Mackey says the treatment for the cancer of crony capitalism is conscious capitalism, grounded “in an ethical system based on value creation for all stakeholders,” which includes not just owners, but employees, customers, the community, the environment, and even competitors, activists, critics, unions, and the media. Mackey cites Google and Southwest Airlines as role models, and pharmaceutical companies and financial corporations as anti-role models. In a surprise pivot, Mackey lays the blame for the myth of the profit motive as the only measure of value at the feet of capitalists themselves. Mackey’s goal is to write a new narrative for capitalism that asks us to care about customers and human beings instead of data points on a spreadsheet.