Hacker News Reader

I'm seeing a lot of pushback against this in here. Executive compensation disclosure laws in the US led to massively increasing pay for executives, who are some of the highest paid people in the company. Seeing how a major problem in the US is income and wealth inequality, why wouldn't this kind of legislation lead to the same race to the top for laborers' pay that executive compensation disclosure laws led to?

View on HN

I doubt it. There is asymmetry in roles and value to a company. Id expect it to lower wages.

The executive compensation disclosures led to greater compensation because the top performers had a baseline from which to be paid and thus required higher wages. At the same time, nobody likes to think they're below average, and thus demanded at least near-average wages. What makes you think that mechanism wouldn't lead to increased wages for laborers?

Because workers are not executives.

Instead the push for 15 dollar min wages has pushed fast food industries to find ways to replace them.

Reply on news.ycombinator.com