The CEO-worker pay ratios the new disclosures have begun revealing are boosting momentum behind efforts to use tax, contracting, and subsidy policy to narrow our compensation divides. In 2016, the city of Portland, Oregon, adopted the world’s first tax penalty on corporations that pay their CEO more than 100 times their median worker pay. In November 2020, voters in San Francisco overwhelmingly approved a similar tax.
These landmark precedents have the potential to turn every level of government into a battleground over corporate pay policies that fuel inequality. Lawmakers in at least nine U.S. states and in the U.S. Congress have also introduced pay ratio taxes. India and the UK are also now requiring pay ratio disclosure.
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