These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m

  • OsrsNeedsF2P@lemmy.ml
    link
    fedilink
    arrow-up
    51
    ·
    1 year ago

    Sounds great, and sure might as well pass it, but there’s a lot of ways to get around it

    • Shell companies
    • TC in stock/bonuses
    • Outsourcing to contractors
    • Utilizing foreign jurisdictions
    • PunnyName@lemmy.world
      link
      fedilink
      arrow-up
      46
      ·
      edit-2
      1 year ago

      Ok, let’s do it anyway and make them work for their wealth. Instead of doing nothing, and letting them also do nothing to keep their wealth.

      • whatisallthis@lemm.ee
        link
        fedilink
        arrow-up
        4
        ·
        1 year ago

        The point is that if max pay gap laws are passed, CEOs will just hide their actual pay in external resources and normal employees will still make exactly the same.

        • Shard@lemmy.world
          link
          fedilink
          arrow-up
          7
          ·
          1 year ago

          Good. Make them hide it. Then make it illegal to hide income(if it already isn’t). Tax agencies like the IRS are really good at catching this sort of thing.

          Make it difficult for them and their companies.

          Make them have to spend to hide it. If they get caught, the money goes back to the economy. If they don’t get caught, at least some the money they spend on law firms and accounts goes back to the economy.