Income inequality between the rich and poor increases each year. With percentage of income earnings amongst the 1% rising toward levels reached in the mid 1920s, before the Great Depression, class disparity widens to a startling degree. 

Individuals against raising minimum wage argue it would force companies to increase prices, resulting in inflation and unemployment. However, because of the Dodd-Frank Act signed in 2010 by Obama, companies published wage ratios for the 2017 fiscal year, revealing the alarming gap of income between the highest and lowest paid employees. These ratios prove the capability companies have for funding a raise in minimum wage without inflating prices, and without firing employees. 

Companies resisted Dodd-Frank in 2010, and the act is at risk under President Trump. 

Solutions for income inequality include protecting the Dodd-Frank Act, which holds companies accountable, as well as increasing minimum wage. However, these enforcements can be taken a step further. Lasting change could be achieved with implementation of a maximum wage ratio. 

A wage ratio would regulate profit from spiraling into pockets of executives, thereby promoting improved distribution of wealth within a company. 

Wage ratios would improve quality of life for the average U.S. citizen by making their earnings proportional to the profit of the institution they work for. A wage ratio would not prevent executives from earning more, rather, it would prevent blue and white collar workers from earning less than what their labor is actually worth.

This petition's goal is to urge the U.S. administration to create new policy to implement maximum wage ratios that do not leave executives with earnings far exceeding their workers.

Image source here.