Would you work for $3.05 per hour?

The following information was gleaned from a huge money diagram from this link: http://xkcd.com/980/
It's interesting that companies continue to have to lay people off, yet the pay of the CEO's continues to rise. In fact, the average pay for the worker has dramatically decreased over time when inflation is taken into account. Even with inflation, the CEO pay has continued to rise. What is the justification for this increased pay? Companies continue to send the work to other countries, take away benefits and sometimes even embezzle the money they 'earned' for their companies. It comes as no surprise that the average CEO pay has skyrocketed, since they are paid millions of dollars a year to do a job that really isn't all that spectacular. What shocked me was how little the average worker's increase has been, and how inflation has actually made it a decrease rather than an increase. Take a look at the diagram (linked above and below) for a lot more information about how money was and is distributed.

Worker / CEO Comparison 1965 vs 2007

Worker:
1965: Avg Hourly Income $19.61
2007: Avg Hourly Income $19.71
Change of:
Not adjusted for inflation: 8.4%
Adjusted for inflation: -84.4%

CEO Typical Pay:
1695: Avg Pay for same period: $490.31
2007: Avg Pay for same period: $5,419.97
Change of:
Not adjusted for inflation: 1,105%
Adjusted for inflation: 171%

Actual comparative buying power:
$19.61 in 1965 had the same buying power as $126.84 in 2007.
$19.71 in 2007 had the same buying power as $3.05 in 1965.
$490.31 in 1965 had the same buying power as $3,171.30 in 2007.
$5,419.97 in 2007 had the same buying power as $837.97 in 1965.

sources:
http://xkcd.com/980/
http://www.dollartimes.com/calculators/inflation.htm