The problem is that, capital will flee any company that tries this to more efficient competitors. As long as it is a public company, there is no easy way to try

The problem is that, capital will flee any company that tries this to more efficient competitors. As long as it is a public company, there is no easy way to try this without any repercussions to the stock price. Countries can legislate this, but they will not be able to prevent their economies from stagnating like some of the european countries. (Flight of capital, companies moving their workforce to other places etc.) The only way (as I see it) is if we, as a society accept lesser returns on our investments (via our 401Ks and pension plans) and allow that to be reflected in the compensation and productivity of the workforce. With the increasing life expectancy, even that can turn out to be a problem in the long run, but we cross that bridge when we reach it.....