There’s no need for anything. But good luck figuring out a way to reduce corporate profits. Consider that your graph is just the for profit companies and there

There’s no need for anything. But good luck figuring out a way to reduce corporate profits. Consider that your graph is just the for profit companies and there’s lots of nonprofits and gov-run orgs already. It’s a tough problem to try to have companies raise wages and reduce profits. Not sure of any legislative examples. Minimum wage laws tend to result in higher prices and fewer positions. Companies have business models with existing margins and any changes are hard given capital markets and competition. Look at what happened with insurance profits when the ACA introduced payout requirements. [0] Costs increased and so did profits. Profits weren’t decreased and bonuses weren’t decreased, insurers just raised costs to the level to support the profit and bonus levels. This did not reduce costs nor insurance profits, instead it increased costs. [1] [0] https://www.healthcare.gov/health-care-law-protections/rate-review/ https://www.healthcare.gov/health-care-law-protections/rate-... [1] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5145008/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5145008/