ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Is your minimum wage too low? This man has a unique idea to get paid more at work

"Weaponize corporate greed instead of fighting for higher wages," the TikTok creator said
UPDATED JUL 30, 2024
Cover image source: Representative image of striking fast food workers | Getty Images | Photo by Andrew Lichtenstein/Corbis
Cover image source: Representative image of striking fast food workers | Getty Images | Photo by Andrew Lichtenstein/Corbis

The median CEO pay hit a whopping $16.3 million or nearly 200 times the typical worker’s wages last year, as per data analyzed for The Associated Press by Equilar. The CEO pay gap has increasingly become a bigger issue for the world and Americans who have advocated for measures to put a cap on the highest salaries. A similar argument was presented on TikTok by creator Kabba Gabba (@nobinariodeoro), who suggested that tying the highest and the lowest pay of a company will do more good than fighting for a higher minimum wage. 

In the video, which now has over 2.6 million views, Gabba argues that people should focus their efforts on exposing and weaponizing corporate greed instead of fighting for higher wages. 

"Fight to lower the maximum wage," Gabba says in the video. Further arguing his case, he says fighting for higher wages isn't going to do any good. Instead, people should focus their efforts on forcing corporations to tie their highest pay with their lowest pay. 

Screenshots from the video | TikTok | @nobinariodeoro
Screenshots from the video | TikTok | @nobinariodeoro

He suggests that there should be a compensation cap under which every corporation's highest pay should be no more than 10 times the company's lowest-paid employee. He says people should force companies to make the argument that "even 10 times the lowest pay is still too low." This is essential to show companies the extent of disparity in their pay.

He argues that it also hits the rich where it hurts and it may be more effective in forcing them to take action. "If 1000 employees lose their homes, the rich man celebrates. If that same rich man loses a dollar, he is grief-stricken," the creator wrote in the caption. 

Screenshots from the video | TikTok | @nobinariodeoro
Screenshots from the video | TikTok | @nobinariodeoro

Viewers of the video lauded Gabba's proposal and threw their support behind him. "And if/when there are record profits, the company needs to share it with ALL employees," added user, @gingersnapped_01. In the comments, Gabba further argued that people should make companies argue that $150 per hour is too low. 

Screenshot from the comments | TikTok | @katvonmea
Screenshot from the comments | TikTok | @katvonmea

However, one user rightfully suggested that the CEO pay on average was much more. "I must be too nice. I thought 100X. Considering it is 350-400x now. You make a good point," suggested user @butchknotwell203

Screenshot from the comments | TikTok | @tiseffon
Screenshot from the comments | TikTok | @tiseffon

As per the Equilar report, it would take a typical employee about 196 years to make as much as their CEO made in 2023.  While it is instinctively unfair, the CEO pay gap continues to widen further. 

And yet the gap between CEOs and workers is widening. The issue is occupying the mind space of Americans too. As per exclusive data from a Bentley University-Gallup poll shared with CNN, over 8 in 10 citizens think it's important for businesses to avoid a major pay gap between employees and CEOs. About 56% of the respondents further suggested that the issue is  “extremely important.

Thus, earlier this year, U.S. Senator Bernie Sanders along with Democratic lawmakers proposed a bill to raise taxes for companies that pay their CEOs over 50 times their typical worker's salary.  



 

The union-backed proposal put forward a tax raise of 0.5 percentage points on companies whose CEO-to-worker salary ratio was above 50 to 1. For companies that paid their top executives over 500 times the proposed tax penalty is of 5 percentage points.

The bill needs 60 votes to clear the Senate and is likely to face an uphill battle in the Republican-controlled House of Representatives, as per Reuters. However, the measure is far less radical than what Gabba proposes. 


@nobinariodeoro Expose and weaponize their greed. If 1000 employees lose their homes, the rich man celebrates. If that same rich man loses a dollar, he is griefstricken. #union #organize #labor #rich #strike #eattherich #writers #actors #UPS ♬ original sound - Kabba Gabba

 

For more such videos, follow Kabba Gabba (@nobinariodeoro) on TikTok.

MORE ON MARKET REALIST
Guests on the show would run with it if they ever got that kind of money on Pawn Stars.
6 hours ago
The guest even said to keep the kids in the dark about how valuable these items were.
8 hours ago
The company had fantastic sales but a crushing debt with a high interest rate that the sharks hated.
11 hours ago
It was only Carey's second season in the show and he could have been part of a massive scandal.
1 day ago
“I won’t say anything, and you know why,” he said, with a gesture to zip his lips.
1 day ago
The ring was rescued by the guest's mother thanks to a stranger early in the morning.
1 day ago
"She blanked out. It happens to the best of us," a fan sympathized with the player.
1 day ago
The instrument originally belonged to the guest's grandfather who suffered a horrific injury.
2 days ago
The contestant's wife seemed embarassed at that point of time, and worried as well.
2 days ago
The co-founders of Dino Don got the shark that they always wanted on board.
2 days ago
One can understand why the measure is in place but the shopper was having none of it.
2 days ago
"My husband and I definitely noticed it! We had to rewind it a few times," a fan reacted.
2 days ago
All of the sharks agreed that she had a great product and the drive to be successful a businesswoman.
3 days ago
It's possible that the dog played a little part in making it easier for them to get a deal.
3 days ago
Without the help of his wife, the contestant would have gone home empty-handed.
3 days ago
The pawn store owner had a valid point since the item the guest had brought had numerous issues.
3 days ago
The contestant got the first part of the puzzle right but wasn't able to solve it in time.
3 days ago
"It's a lady's robe. A robe from 1750 is a very rare robe. The only other ones I know of this type, you'd have to go to Beijing," the appraiser said.
4 days ago
Harvey also got other hilarious answers, but nothing could match the woman's sass.
4 days ago
The Gronkowski family is famous for their contributions to America's sporting culture.
4 days ago