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About time some Democrats start developing the awareness that they'll have to aim above their target if they want to hit it instead of consistently missing or failing to take the shot.
First I want to put out that Lee is basing her argument in data, something her detractors in the article are not doing.
The number she's putting out is about twice what wages would be had they kept up with either a) per worker productivity or b) inflation. Once we account for inflation, real wages have declined by about 20% since the 70s.
If minimum wage had kept up with CEO compensation, the minimum wage in today dollars would be ~$130.
So Lee is striking a mid point between those two values. This seems reasonable.
I propose that we decide on some ratio of CEO compensation to minimum wage at a given company (say, 100x), and any company in violation of this has their profits taxed at 100% and redistributed to their employees.
I like the 12 to 1 rule. CEOs can't make more in one month than their lowest paid employee makes in a year. If you want to make more than that then raise the standard for everyone.
They just outsource services. No longer does a janitor work for the company. It is outsourced to a janitorial services company. Average wage increases as does pay.
What about a max percentage of the valuation of the company? This would include other incentives such as stocks, vehicles, etc
Mandatory employee stakeholder status for every company, so that each company is 50% employee owned, it works in Europe.