Why not? If you can double every few years eventually you will get to 100 dollars. And if you claim that everyone needs to make decent wages, who is to define what "decent" is supposed to be? People will always be asking for more, never less.
> 2. Maybe CEOs and executives don’t need to pay themselves such absurd salaries, that would probably help.
Even if CEOs gave up their whole salary tomorrow, it would not change the pay of people working in very large companies with dozens of thousands or hundred of thousands of employees.