CMV: There should be a law that forces the salary of the CEOs and higher ups to be proportional to the salary of the lowest paid worker

And yet, what they don't have the money to give their employees a huge pay increase? For example, Wal-mart only makes $6,000 per year profit per employee that they have. Raising minimum wage to $15 across the board would make them unprofitable.

Well then they can start by paying workers in stock options, instead of giving 6 or 7 figures of those to the CEO.

So in your view, if one company chooses to willingly do something of their own volition, it's proof that mandating that exact situation across the board to every company will work on every company.

Look a strawman.

Manufacturing is a heavily automated industry these days in the first world so labor costs are not nearly as high as they are in other sectors of the economy.

Do you think that could potentially skew the results such that Cadbury can willingly engage in that deal but others might not be able to?

If a company can't afford to pay all their employees a living wage that company shouldn't be allowed to exist. I believe when faced with the choice of shutting down, or figuring out a way to pay all their employees a living wage, most every profitable company will find a way to accomplish the latter.

/r/changemyview Thread Parent