French President Emmanuel Macron warned recently that modern societies just might 'explode' without a maximum wage.
a similar pay-ratio levy in 2020. This Bay Area tax kicks in on companies with top execs making over 100 times the median pay of their local workers. Corporations with ratios over 600-to-1 can pay up to 2.4 percent of their payroll in tax. In 2022, city officialsThe level of inequality that surrounds us has been and always will be a human construct. We can choose to be more equal. Struggles around pay ratios can help make these choices much plainer.
Other recent proposals at the state and federal level have tied executive-worker pay ratios to government contracts and subsidies. Their basic thrust: to direct government subsidies only to businesses that keep executive-worker pay gaps within reasonable limits and steer government contracts to firms that keep their executive pay within a modest multiple of worker pay.
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