Effort vs. Value

A fellow blogger wrote about Income Inequality and in his post he also mentioned about glaring lack of demand for effort equality. The point as I understand John is trying to make is simple that while we seek incomes for everyone to be equal, we often forget the need for efforts to be same.

As I was reading this, only I was asking myself what is more important – the effort of the value. Someone who maybe more skillful can add more value for a significantly lesser effort.  thought came to my mind and this thought leads to several questions like Does the effort relates to what is being put in now or over a period of time? If effort put is

is effort more important than value?

Food for thought?