Bill Kerry, co-founder of The Equality Trust, calls for companies to routinely publish their ‘top-to-bottom’ pay ratios as a key step towards making a more equal society.
Mounting evidence supports greater income equality as the driver for better social conditions across the board. In his personal response, Bill argues that the best way of achieving greater income equality is by controlling pay ratios – a method that already has stronger public support than the alternative of higher progressive taxation.
Bill further suggests that publishing the lowest paid employee’s pay as a fraction or percentage of the highest paid employee’s pay will crucially move the debate from one of Price to one of Value, as he asks the question: “Are people there to serve the economy or is the economy there to serve people?”
To learn more about the evidence behind the income equality debate visit the The Equality Trust.