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What if you raised the workers' wage rather than reducing the CEO pay?
by Marazan 8y ago
What if you raised the workers' wage rather than reducing the CEO pay?
- ummonk 8y agoIf it's a high margin business (e.g. Apple), that will help the workers a lot, while depressing shareholder returns. If it's a low margin business, it will go bankrupt. Note that in the past several years, shareholders have experienced massive returns due to rising corporate profits, largely because corporations have held workers' wages stagnant throughout the economic recovery/boom.