Wednesday on Bloomberg, Rep. Keith Ellison (D-MN) said the government should “start talking about” regulating pay disparities between CEOs and the average worker.
Ellison said, “As you know, under the Dodd-Frank Financial Reform Act, it became required that the publicly traded companies would have to report the ratio between CEO pay and the median worker.
“You talk about a company like Mattel, their CEO makes 5000 times that of the average worker,” he continued.
What we know is that companies make people work part-time strategically so that they do not have to take on costs such as health care benefits and retirement.
That just means you are offshoring to places where the wages are low, the environmental protections are low, the workers’ rights are low, the human rights are low, so you can make a lot of money.