Imagine a company that is known for unbearably long checkout lines and poor customer service. They pay their workers wages so low, that many of them are forced to rely on Medicaid and food stamps to survive.
Then picture this company with a CEO who makes more in an hour than many of their employees do all year.
Would you shop here? Of course not… But 245 million of you do each week. Welcome to Wal-Mart.
As an entrepreneur who stands to value people over profit, this makes me sick. Sure, if you're a business owner or CEO you deserve to make more than your employees. You hustled. You worked harder than most.
But CEO's of many publicly traded companies are taking home 421 times their average employee!
This is not capitalism. This is greed. How can a leader claim to care for their employee's well-being while partaking in this type of ratio?
While the video below doesn't discuss this exact situation, it does offer a solution to increasing their worker's average wage, and it's shockingly simple.
What do you think about this? Do you think a 421-1 salary ratio is okay? Do you still support these companies? Let me know in the comments below.
Some know me as a serial entrepreneur and Founder of Sevenly and StartupCamp, others know me as the guy who can ride a unicycle and still kickflip on a skateboard. I’m on a mission to inspire people. Will you join me?