I’m far more interested in a wage cap. Top level earner can’t earn more than 10x the lowest level earner in the company. And a it doesn’t matter the amount the wage is, if it isn’t also tied to inflation as we’ll be back fighting this fight again in short order if it isn’t. That of course is take all of this at face value, and pretending it’s not just theater.
Though overall I would still prefer people rejecting the current business structures and making employee-owned businesses the new way. Go Pirate with the whole thing, everybody works for shares. Unions/Min. Wage are just compromises from realizing the true potential and pay of the working class.
I’m not an expert, but in that case, the company just splits into different sub-companies, no? The manufacturing arm would have a CEO paid in stocks and lower level workers still make nothing.
That’s where the cap needs to be. There will always be someone capable and willing to take the job without the enormous pay packet. Executive pay is the biggest scam ever created.
I’m far more interested in a wage cap. Top level earner can’t earn more than 10x the lowest level earner in the company. And a it doesn’t matter the amount the wage is, if it isn’t also tied to inflation as we’ll be back fighting this fight again in short order if it isn’t. That of course is take all of this at face value, and pretending it’s not just theater.
Though overall I would still prefer people rejecting the current business structures and making employee-owned businesses the new way. Go Pirate with the whole thing, everybody works for shares. Unions/Min. Wage are just compromises from realizing the true potential and pay of the working class.
I’m not an expert, but in that case, the company just splits into different sub-companies, no? The manufacturing arm would have a CEO paid in stocks and lower level workers still make nothing.
They just get non-salary benefits
That’s where the cap needs to be. There will always be someone capable and willing to take the job without the enormous pay packet. Executive pay is the biggest scam ever created.
No but you see if we don’t offer 2 million a year AT LEAST we won’t attract too talent!
There is a value tied to the non-salary benefits. Include that in the cap.
Something something unrealized gains. I agree with you, I’m just pessimistic we’ll ever see anything remotely close to this.
I’m with you on that. It will not happen
The real money is made on assets, not income
I wouldn’t even hold my breath for 1000x
there will never be a wage cap under this current neoliberal hellscape. the entire goal of both parties is to make money for their corporate interests
the “the 1%” meme is really anti-class consciousness, rich workers are workers, this individual literally forgot investors exist