David Pakman explores an idea for adjusting the minimum wage by making it relative to the maximum wage in a company. “For example, if the highest earner in a company earned two million dollars a year, then the lowest full-time earner for that company may earn no less than 2% of that amount, or $40,000 per year [one 50th].”
There would be logistics to work out. Still, the show notes that such a system is already in place in Sweden.
What are your thoughts?