Wagemark Labor Standard

= "guaranteeing that the incomes of their top and bottom earners fall within an 8:1 ratio".

Description

"The Wagemark Standard is applied to certify that companies, non-profit organizations and government departments and agencies are committed to socially sustainable, competitive business leadership by guaranteeing that the incomes of their top and bottom earners fall within an 8:1 ratio.

Wagemark-certified organizations demonstrate to employees, consumers, and competitors that they are serious about fairness and competitiveness.

The idea isn’t new: management theorist Peter Drucker wrote in the Wall Street Journal in 1977 that a compensation standard that ensured executives earned a fixed maximum multiple of their lowest-paid full-time employee’s wage would be “the most radical but also the most necessary innovation” for modern business.

Inspired by Drucker’s vision, the Wagemark Standard was developed as an ambitious, intuitive and achievable target for most businesses, governments and non-profits." (https://www.wagemark.org/about/standard/)