Well, OK. You would have to draft that quite rigorously to cover shares, derivatives etc and disincentivive moves to put lower paid employees into spinoff companies to avoid their being counted
For all publicly traded companies, the compensation of non-founding CEOs shall not be greater than 50 times the median company wage. That would eliminate the rush for cheap labor, increase salaries, and reign in excess greed.https://twitter.com/Cernovich/status/1140433018143645696 …
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Besides the anti-free-market aspect, it'd just: - Create new roles - Create new compensation schemes - Send companies and talent overseas - Send money into tax-free/retirement haven countries
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this idea is perfect. since unions wont come back this will help protect workers, I would even go lower but 50 is a good phase-in
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2.5m vs a 50k worker doesn't seem to bad. They usually earn way more.
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Interesting idea. Wondering if w automation though ceo might just fire blue collar workers to push median up and collect more comp. pairing this w incentives to hire workers/maintain staff could help protect against downside.
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Good luck convincing a board of directors to approve that mandate during a good year.
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Well obviously that idea
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I'm guessing this would accelerate the trend of companies eschewing public listing, listing, of course, is currently at record lows. Why the "public" distinction?
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Tax cuts for corporations tied inversely to yoy growth of median employee salary.
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the death of unions is the single greatest reason for the wage gap
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Meh. I am a union worker. Also have a hell of a wage gap between bottom and top. Also have an huge wage gap between the workers/union reps WE pay.
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Um, I kinda dig that
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10 times would be even better.
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Free medical care to poor citizens via public hospitals/doctors, but part of the VA system. ALL politicians and their staff MUST use this same medical system. Similar to military, free med/nurse school in exchange for XX years working in in system.
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I agree with that and thought the same, there should be a ratio of how much of income goes to owner or CEO versus the employees.
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Religion= Morals= Sense of Right and Wrong, pretty much non-existent now
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