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this post was submitted on 03 Oct 2023
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Asklemmy
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How about both minimum wage and mandatory cost of living pay raises are inextricably tied to BOTH the GDP and the highest net worth, to be determined by an independent commission that keeps track of the assets of the wealthy?
At the point when wealthy individuals' vast resources cause the pay rate to rise in a way that threatens economic stability, that would trigger policies to divest said resources into public trusts aimed at the most at-risk parts of the population. Instead of a trickle down model, you have more of a circular model, where fabulous wealth always funnels directly to the bottom. This creates a cycle of uplift, rather than simply an accumulation at the high end.