I support a hike in minimum wage but recognize it is only a patch that must be reapplied every few years. I’d prefer some sort of policy linking the pay of a business owner/executives/CEOs/whoever’sincharge to that of the lowest-paid employee(s). Something like a ratio in which they can make, including bonuses, no more than ten times the income than the lowest paid workers. In this fashion, when the business gained/profited, the executive would have to improve the pay of employees before improving their own. Everyone wins. If they don’t want to raise the pay of the employees, they can reinvest in the business instead. If all businesses did this, the employees of more businesses would be more able to invest in their own employer and other businesses and more directly benefit each other.
Executives making millions or billions while paying employees minimum wage makes absolutely no sense. Those people are only able to make that money because of the thousands or millions of people working for poverty wages that force them to rely on government welfare who work at the bottom.