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
Celebrity Week on "The Price is Right" allows celebrities to play games that the show is known for.
1 hour ago
She saw that the woman taking instructions from someone on the phone and noticed something was wrong.
3 hours ago
The moment became unforgettable for audiences, and the presenter was appreciated for his recovery.
22 hours ago
Even without the raise, Oliver remains one of the top-paid faces on American television.
1 day ago
The story resonated with thousands of fans who made sure to set things right for the hardworking man .
1 day ago
After O'Leary and Rodriguez made offers, Cuban also joined Greiner to make an offer.
2 days ago
The Home Depot staffer requests the individual's tax-exempt number, which the individual declines.
2 days ago
She also called out Walmart after describing how she was feeling about wearing unwashed clothes.
3 days ago
Like any struggling young actor in the 80s, White was looking for any opportunity to appear on TV.
3 days ago
The man bought three tickets but left the last one at the counter and the man on the counter just checked it out of curiosity.
4 days ago
Perry's comments about splitting bills and the women being the breadwinner did not go down well with many.
4 days ago
The woman finally asked for help from a worker at Walmart and found out more alarming details.
5 days ago
Walmart worker confronts the return scammer, sparking a viral debate on ethical consumer behavior.
5 days ago
She was only offered $6,600 as a “goodwill gesture” for being the winner. 
6 days ago
The man from New Jersey bagged the reward when he was in the studio just as a member of the audience.
6 days ago
Viewers were left scrambling for an explanation until the glitch was fixed during a re-run later that year.
7 days ago
The person who originally listed the property later explained the logic behind the design.
7 days ago
Later, she finally found a way to get rid of the Tahoe after three years of paying $1,400 a month.
7 days ago
A study highlighted the alarming number of bacteria found on a large package from Amazon.
7 days ago
So far the recall hasn't been directly linked to the salmonella outbreak caused by eggs from another brand.
Dec 4, 2024