Billionaire CEOs in the U.S. often push for a “maximum wage” cap on worker pay, even as they rake in huge salaries and bonuses. They argue it keeps costs down and helps companies stay competitive. Yet, income gaps keep growing, with the top one percent holding more wealth than ever.
Implementing a maximum wage or pay ratio limits could significantly curb billionaire influence and executive greed. It could also help reduce income inequality, democratize economic power, and restore political influence for the broader public.
Could a “Maximum Wage” Combat Billionaire Power?
https://inthesetimes.com/article/maximum-wage-billionaire-ceos-economy-trump-inequality
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