Californians will vote on a $18 minimum wage. Workers already want $25 and more
Californians will vote on a $18 minimum wage. Workers already want $25 and more
Californians will vote on a $18 minimum wage. Workers already want $25 and more
Californians will vote on a $18 minimum wage. Workers already want $25 and more
Californians will vote on a $18 minimum wage. Workers already want $25 and more
Just index it to GDP/ inflation or executive pay/ compensation.
Executive pay would be nice. Make it so the CEO gets paid a maximum of 20x the lowest paid worker. CEO pay goes up? So does company minimum wage. Make it account for stock grants too.
Not CEO, but the highest paid position in the company.
Someone in power can easilly just give the CEO title to some dude and give himself the title of "Chief General Officer" or some bs like that
My biggest fear with this proposal is that lower wage positions just get offloaded or somehow classified as "independent contractors" or consulting or some other bullshit. Or they create some shell company to all these positions. Or some other chicanery.
Don't get me wrong, I agree in principle. But God damn if actually enacting and enforcing wouldn't be some legal whack a mole with these slippery bastards
While a nice idea, in reality you're dealing with sociopaths that will do anything to horde money. They would come up with work arounds in six months.
Stock grants are always quite vague in value - it'd be really hard to actually come up with a precise number for it... and in theory a bad actor (like Elon Musk) might be able to really fuck up that algorithm.
That's part of it. But it's pointless without raising it to a living wage first.
Pinning it without raising it just cements the slave wages in place. Which business would love I'm sure.