Honestly salaries should just be legally required to automatically increase according to the inflation rate.
(If you think that's a bad idea because it would lead to hyperinflation, I would invite you to introspect for a moment on what that says about income inequality and where the inflation comes from)
@joepie91 As somebody who's been a salaried employee for about 8 years I have mixed feelings about this.
I do agree that most people's income should increase due to inflation, but I also feel that after a certain income level those increases should become smaller and smaller.
Examples:
If you're salary is less than $40k a year (which should be illegal) then yes an automatic increase should definitely be applied.
If you're salary is $750k a year, maybe pass that 7% down to the lower earners?
@KuJoe In practice, I'm not sure it matters - those who get large salaries are generally already those with a lot of sway in the company, and therefore the ability to just *demand* salary increases regardless of what the law says.
The people who really need this sort of automatic increase are those who are not in a position to negotiate their own salary increases ("I can find 10 others for you" plus the usual hierarchical power dynamics), so I suspect that they would be the only ones who actually see any benefit from even an income-independent legal mandate.
@KuJoe (And brackets usually come with their own loopholes and complexities, so they're probably best avoided if they're not likely to help the case!)
@joepie91 I agree, it would just be so much easier if people weren't so greedy to collect all of the crumbs they could, god I hate people sometimes. 😩
@joepie91 it should be the law, that the highest salaries in a company should not be more than five times the lowest salary, including shares and stuff.
It's disgusting to see that ceos get (not earn) like 600 times what their workfloor gets.
@joepie91 yes, 110% this.
The idea that we have to beg and hope for our salaries to not effectively automatically decrease is insane if you think about it for more than 5 seconds. Or 6 seconds, because inflation.