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Originally Posted by JCricket
Just a thought, and obviously it would likely never happen.
What if legislation was passed that tied the top salary earner in a corporation to the bottom salary earner.
To clarify, what if the top paid ceo or salary earner at walmart could only make 100x what the very bottom earner made. So, we have a person who makes maybe $8k a year, and the CEO could only make $800k? I think our middle class would come back. It would behoove the CEO's to pay their employees better. Just a crazy thought I had. I'd bett the Ceo would try to get the bottom paid earners up to 100k. I also bet there would not be a walmart employee making less than $25k a year after this happened.
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That would be an excellent idea.
Here's some interesting historical data.
http://www.huffingtonpost.com/2013/0...n_3184623.html
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We’ve made progress on a lot of things since the 1950s and so have CEOs -- in their quest for more money that is.
The ratio of CEO-to-worker pay has increased 1,000 percent since 1950, according to data from Bloomberg. Today Fortune 500 CEOs make 204 times regular workers on average, Bloomberg found. The ratio is up from 120-to-1 in 2000, 42-to-1 in 1980 and 20-to-1 in 1950.
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