“Soon American companies will have to disclose how their chief executive’s paycheck compares with that of their average worker under a proposal unveiled by the SEC, reports The Guardian.  If I am the CEO of a publicly traded company, I am going to do every thing I can to keep the ratio, between what I earn and my workers, as close as possible.  This may mean shutting down operations that include many low wage workers. It may also mean automating jobs now performed by low wage workers. Low wage workers will become pariahs to be avoided  at all costs by publicly traded companies. With less demand for low wage workers, their wages will decline.”

http://www.economicpolicyjournal.com/2013/09/more-bad-news-for-low-wage-workers.html

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