At Major US Corporations, Employees Would Have to Work 1,000 Years to Earn What CEOs Made in One: Report
“Tax penalties on extreme CEO-worker pay gaps would encourage large corporations to narrow their divides.”
“Tax penalties on extreme CEO-worker pay gaps would encourage large corporations to narrow their divides.”
New analysis by the Congressional Budget Office finds that $15 in 2025 could raise the wages of 27.3 million low-wage workers and would increase the income of families who earn below three times the poverty rate by $21.9 billion.
Congress set a record this month: It’s now been nearly 10 years since lawmakers have raised the federal minimum wage, marking the longest period in history that it’s remained stagnant.
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