this post was submitted on 01 Nov 2024
737 points (96.0% liked)

Work Reform

10123 readers
459 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] piecat 6 points 1 month ago

I think we should be setting these max/min wages as relative values, not absolute values. Otherwise we have to pass laws every time the min wage needs to be adjusted. And we'll end up with stagnation.

For example, a person's wage can only be X% higher than the lowest wage of someone a step below them in hierarchy. Including contractors and suppliers so they can't skirt or find loopholes.

There still might be some haywire incentives that require more thought, but it should hopefully encourage labor to be valued at an appropriate proportion of value. Either everyone makes good money, or nobody does.

Should also probably deincentivize layoffs, stock buybacks, etc. at the cost of shareholder earnings / value.