Though I think rather than try to set some fixed number, it should be something like, “the highest paid employee of a company shall be paid no more than ten times the amount paid to the lowest paid employee of that company.”
So if the CEO receives $1 million / year in total compensation, the entry-level pay for the lowest skilled job is $100k/yr.
This solves both the minimum and maximum wage problem.
It’s way past time.
Though I think rather than try to set some fixed number, it should be something like, “the highest paid employee of a company shall be paid no more than ten times the amount paid to the lowest paid employee of that company.”
So if the CEO receives $1 million / year in total compensation, the entry-level pay for the lowest skilled job is $100k/yr.
This solves both the minimum and maximum wage problem.