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.
Comment on Californians will vote on a $18 minimum wage. Workers already want $25 and more
ByteOnBikes@slrpnk.net 5 weeks agoDoes that apply to those situations where a CEO’s salary is $1?
But theyre paid in stocks?
Armok_the_bunny@lemmy.world 5 weeks ago
bobs_monkey@lemm.ee 5 weeks ago
Make it 1/20th the CEO’s total annual compensation package value