CEO's wage should be capped to a Max multiple of the lowest paid worker. 10x, 20x,etc but still tied to their workers. If they want more money, pay the workers more.

[–] gigachad@piefed.social 19 points 2 months ago (1 children)

One of the core demand of the German satire party "The party" was to cap the maximum manager wage to the 50,000x of an average workers wage

[–] MajorMajormajormajor@lemmy.ca 5 points 2 months ago

Those outlandish Germans go too far!

[–] CosmicTurtle0@lemmy.dbzer0.com 6 points 2 months ago

I'd rather have a tax. Because if you cap compensation, the company still has the money.

[–] Mac@mander.xyz 5 points 2 months ago* (last edited 2 months ago) (2 children)

CEO's ~~wage~~ should be capped ~~to a Max multiple of the lowest paid worker. 10x, 20x,etc but still tied to their workers. If they want more money, pay the workers more~~.

[–] MajorMajormajormajor@lemmy.ca 6 points 2 months ago (1 children)

You're not wrong, but if it's tied to the workers wage then there is incentive to increase their wage as well. At least until the next loophole is found, of course.

[–] Meshuggah333@piefed.world 3 points 2 months ago

The problem is they would go full on moving to other sources of incomes as they already do for part of it today. You'd need to cap any form of incomes for it to work, that's much harder to do. I don't think this is something that can be solved with current capitalism, sadly I don't think it'll change before it's too late.

[–] Sturgist@lemmy.ca 1 points 1 month ago

CEO's ~~wage~~ should be capped ~~to a Max~~ multiple ~~of the lowest paid worker. 10~~x, ~~20x,etc but still tied to their workers. If they want more money, pay the workers more~~.