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

This is Capitalism unleashed, baby!

[chaoticmoth.livejournal.com]

Wait, imposing legal limits on what someone can make as an individual is capitalism unleashed?!

I think either capitalism or unleashed does not mean what you think it means. :)

[lynxreign.livejournal.com]

Again, the only limit on what you can make as an individual is what profitability you can afford your company.

Unfettered Capitalism doesn't work, we've seen that. Properly regulated Capitalism can work, we've seen that too. This is just one more regulation, removing the fetters of gaming the system.

Again, the only limit on what you can make as an individual is what profitability you can afford you

[chaoticmoth.livejournal.com]

And that profitability is impacted by your law since other salaries have to go up. We are back to my $2,000,000 cost of a $1,000 raise.

[lynxreign.livejournal.com]

Only for the top 1 or 2 people working for the very largest companies. Perhaps outliers like this will have to change. Perhaps companies this large will cease to exist. That isn't necessarily a bad thing.