The highest salary a person in a company makes will be divided by the lowest wage assuming 40 hours of work in a week. If the highest earner makes more than 50 times the lowest, the company will face a penalty which would be a percentage based on how much over the threshold a company is. This would not affect small businesses since the 50 times threshold with an employee that makes federal minimum wage is still eligible to make close to $750,000 without any penalty. This is a better solution than a set dollar minimum wage as that does not factor in inflation. This would push large corporations to increase minimum wage to a dynamic livable wage.
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