Maximum Wage Proposal in Rhode Island
by tristero
My friend Doug Smith, one of the founders of Econ4, sent me a link to a fascinating proposal to establish a maximum wage for employees of any company that wants to do business in Rhode Island:
The Rhode Island Senate’s Finance Committee is considering Senate Bill 2796….
Section 37-2-81 empowers and directs the head of the department of administration to establish rules and regulations that give priority in contract and/or subcontract awards to business enterprises whose best-paid executive receives compensation and/or salary equal to thirty-two times or less than the compensation and/or salary paid to its lowest-paid full-time employee.
A great idea, and if you live in Rhode Island, write your state senators and voice support.