this post was submitted on 25 Jun 2025
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It's way past time.
Though I think rather than try to set some fixed number, it should be something like, "the highest paid employee of a company shall be paid no more than ten times the amount paid to the lowest paid employee of that company."
So if the CEO receives $1 million / year in total compensation, the entry-level pay for the lowest skilled job is $100k/yr.
This solves both the minimum and maximum wage problem.
https://en.m.wikipedia.org/wiki/Doughnut_(economic_model)
Could be another post!