Could reducing executive by 1 or 2% pay for the cost of raising wages for low-income workers?

Why are employers unwilling to raise wages? I realize it is impossible to force executives to reduce their pay in order to raise wages for other workers, but I think it would be helpful to illustrate that a small reduction in executive compensation could easily cover the cost of raising wages. Is this true? Thank you.

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  • Mary Voight
    published this page in Ask Prof. Wolff 2018-01-10 23:30:01 -0500