What if there was just a law to cap the compensation in that the highest compensation must be at most 10x (Or whatever a reasonable number may be). If your lowest paid salary is 50k, the max salary for CEO would be 500k. If the CEO wants more money, everyone needs to get more money.
this post was submitted on 25 Jul 2024
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That's what some cooperatives have voted on. Mondragon is an example.
So as with everything I feel like the best solution is to have a system that gives people the incentive to place these restrictions on ourselves rather than force it through laws.
We don't appreciate opinion and perspective enough. We all seem to accept how it is as the default. But if you have a corporation where all employees hold a bit of power collectively as if the business is the sum of all parts, then it would be insane for someone like Musk or Bezos to exist with their wealth. It would be considered stealing