10. See to it that no hired leader or worker of a business makes more than 100 times their lowest-paid worker.
For example, if a CEO (or whatever the title may be) was contracted for $2,000,000/year, then the janitor, or lowest paid worker at that company, should make at least $20,000. If another leader of a different organization made $5,000,000, then the lowest paid worker there should receive a minimum of $50,000. Say the lowest paid employee at a small specialty concern made $75,000/year, then the leader of that business should not receive more than $7,500,000/year.
Unfair? Not enough? Where’s the incentive? OK. If businesses so desire, they can assign bonuses to all employees based on the current success of the business, not on people’s successes at other companies. Each employee of the company can be assigned a different % bonus based on his/her evaluation and the current success of the company. If a company is making money hand over fist, then the better the employee, the more money in the bonus. If a company is just breaking even or losing money, then no bonus for anyone until a significant profit is made.
Why do this seemingly anti - free enterprise thing? Because the middle class is shrinking, and the middle class supports both the upper and lower class in America. Numbers of both poor and rich in this country are growing by leaps and bounds, while the middle class continues to dwindle. This trend is unsustainable. We can no longer allow failing corporations to reward their leaders with 100’s of millions of dollars while the middle class pays for those excesses through underemployment and unemployment.