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This is a strange bill. It targets companies based on the delta between CEO compensation and median worker. This means companies that have larger workforces -
by julienb_sea 6y ago
This is a strange bill. It targets companies based on the delta between CEO compensation and median worker.
This means companies that have larger workforces - mostly determined by industry - are less likely to set up shop in San Francisco. Of those that do, they are strongly incentivized to use contractors instead of employees to ensure the salary gap is within reason.
In other words this just created an arbitrary set of incentives for companies to adjust their behavior, likely to the detriment of non-high income workers in the city.