• SCB@lemmy.world
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      1 year ago

      CEO pay and worker pay aren’t intrinsically linked. Paying a CEO less doesn’t mean workers will magically get paid more.

      Workers are paid based on the market value of their labor cost.

      CEO pay should be capped, but because the market is unhinged from reality and needs a check for overall business health, not because of anything to do with worker salaries.

      If CEOs made $0 there is no reason to assume employee wages would increase.