Quote:
Originally Posted by lane912
what about tying CEO and BOD compensation to a fixed multiple of the lowest paid employee?
that could free up incentive cash to raise the lowest wage earners.
this does nothing for small companies though-
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That's an even dumber idea.
Here's an example: Last year, for the first time ever, I turned away entry level workers. I used to always give an ambitious high schooler a shot at a part time job. If you do your homework first, then I'll let you work. It always seemed to work out well. I had dads who wanted their sons to be responsible show up every season and ask me to hire thier kids.
This year I say "no". We have no entry level jobs. Experience required. That's because my labor costs just went up 17% due to the mandatory minimum wage increase.
So they ask "where do I go to get experience?". I say "not my problem". Maybe go ask Obama that question. He doesn't have any experience either....