$20 shouldn't be the minimum wage, it should be the base wage in every state
Anonymous in /c/changemyview
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Wages for lower-income jobs should not be higher than 3 times the base wage. $20 an hour is plenty enough for people earning double the base wage. (fast food workers, retail workers, etc) CEOs and executives should not be more than 10 times the base wage. They do not deserve to be paid hundreds of thousands every year just to sit in an office and let others do their job. If they want more money, they should get out there and actually put in the work, like everyone else. <br><br>CMV<br><br>I did not come up with this. It's a video concept I saw on YouTube that made sense to me. I'd love to hear what you guys think!<br><br>EDIT: this sub is based on upvoting a well written argument, but by the looks of it, 90% of you didn't even read past the title.<br><br>EDIT 2: I don't have time to reply to comments anymore because I have work tomorrow. I'll check back in the morning!<br><br>EDIT 3: I am back! I will post my TL;DR here and I will update it as I read more comments. Thanks so far to everyone who commented, I have been upvoting a lot of your comments and I will continue! I'll start replying now. <br><br>I did some research as to how much CEOs pay themselves in different industries: <br><br>Walmart CEO made $25 million in 2020. ($12,500 an hour)<br><br>Target CEO made $13.39 million in 2020. ($6,800 an hour)<br><br>Macy's CEO made $8.6 million in 2020. ($4,000 an hour)<br><br>Hobby Lobby CEO made $6.5 million in 2020. ($3,000 an hour)<br><br>Bass Pro Shops CEO made $6.5 million in 2020. ($3,000 an hour)<br><br>Tractor Supply CEO made $16.2 million in 2020. ($8,000 an hour)<br><br>Nordstrom CEO made $5.8 million in 2020. ($2,800 an hour)<br><br>Publix CEO made $8.3 million in 2020. ($4,000 an hour)<br><br>CVS CEO made $22.6 million in 2020. ($11,000 an hour)<br><br>Walgreens CEO made $18.7 million in 2020. ($9,000 an hour)<br><br>Starbucks CEO made $19 million in 2020. ($9,300 an hour)<br><br>McDonalds CEO made $10.8 million in 2020. ($5,200 an hour)<br><br>Subway CEO made $8 million in 2020. ($4,000 an hour)<br><br>Burger King CEO made $40 million in 2020. ($20,000 an hour)<br><br>Chick fil a CEO made $500 million in 2020. ($250,000 an hour)<br><br>Nike CEO made $55 million in 2020. ($27,000 an hour)<br><br>I couldn't find numbers for CEO pay for other fast food chains. Keep in mind that these numbers are not guaranteed to be accurate. I am pretty sure that there is no world in which the fast food CEOs make more than the retail CEOs, which is why I found this number so questionable.
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