Also, her "wage logic" is ridiculous. If you apply it completely, then guess what, if somebody is making $30/hr and their company drops in value by half, then the company gets to pay them $15/hr.
Everybody wants to ride the, "But the company made $10 million dollars last year! Pay me more!" train, but they won't get on the, "The company is $10 million in the red this year, I'd better take a salary reduction to help them out" train.