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Thu Mar 22, 2012, 10:56 AM

 

Should American taxpayers subsidize the wages of senior managers at major corporations?

I mean subsidize their compensation packages on the condition that the managers live in the same legal jurisdiction as the lowest wage people who are directly or indirectly employed by them. The idea of "indirectly" is that, for example, the direct employees of all subcontractors of the corporation count as indirect employees of the corporation.

Such subsidies would allow for a change to corporate law. Corporate law could specify that the compensation package of a senior manager, excluding the subsidies, is to be what the lowest paid employee receives.

This would create a strong incentive for senior managers to live in the same jurisdiction where the lowest paid people who are directly or indirectly employed by them live. It would then be personally risky for senior managers to transfer jobs to places where basic human rights aren't respected. Governments that routinely violate basic human rights, and create conditions of mass poverty, would no longer be rewarded with the economic benefits that come from low unemployment rates.

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