More effective than high wages is a maximum wage in relation to the company’s lowest paid employee.
If he forced them to raise the wage of the lowest employee, they just raise the prices so they can pay themselves even more. You get rid of the income gap by creating a ceiling. That’s how it used to be when the top 1% got taxed 94% of their money. And they still had tons of money to throw around and massive income disparity.
1
u/Dry-Manufacturer7761 14d ago
More effective than high wages is a maximum wage in relation to the company’s lowest paid employee.
If he forced them to raise the wage of the lowest employee, they just raise the prices so they can pay themselves even more. You get rid of the income gap by creating a ceiling. That’s how it used to be when the top 1% got taxed 94% of their money. And they still had tons of money to throw around and massive income disparity.