“Income inequality” has been one of the hottest topics of conversation ever since the great recession. Critics say CEO pay is too high when compared to the wages of regular employees, but companies are free to set their CEO pay as they see fit. The government can’t demand CEO wage caps. Now a new bill has been proposed in the California State Senate. If passed into law, the bill would try to create a tax incentive for companies to reduce the wage gap between CEOs and average company employees.
KCRW
