this post was submitted on 15 Aug 2024
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Work Reform

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[–] Armok_the_bunny@lemmy.world 15 points 3 months ago

Two ways I can think of to close that loophole: a) make tie the minimum wage to the executive's total compensation, so the workers either get the proportionate amount of stocks as the CEO or money of equivalent market value (also include expected performance bonus as part of that) and/or b) keep a basic minimum wage around as well, so that CEOs can't accept a pitifully low salary outright.