I would like a law

[lynxreign]

It is a simple law.

No employee of any company at any level can make more than 100 times the lowest paid employee of that company.

You're paying someone $20,000 a year, then you can make 2 million a year. Want a raise? You have to raise the salaries of the lowest paid employees.

Now, tell me why you don't like my law.

Comments

[lynxreign.livejournal.com]

You'll have companies claiming access to work machines, office supplies, parking, etc will all become "benefits".

I don't think that'd last long in the realm of the marketplace or in the courts. And it is a fairly simple loophole to close anyway. I don't think the level of detail to close the loopholes is all that bad when compared with some other legislation out there.

[jestermotley.livejournal.com]

But it would, because you'd have huge arguments over what CEOs REQUIRE. If they have to fly all over for meetings and mergers what's acceptable. Hotel rates, food, per diem, etc.

That's asking for a lot of regulation that has to be malleable enough to change with inflation rates. Its just a big issue.

[lynxreign.livejournal.com]

Those are business expenses paid for by the company, just as they are now. They aren't benefits any more than parking spaces are.

Nothing has to change with inflation rate. That's built in. All it requres is that the lowest paid person make no more than 1/100th the highest paid person.

And we're talking about salaries of millions of dollars a year here. And we're talking about perhaps .1% of the population. Everyone else gets a raise.