Well this one is brought to the great State of Maine straight out of extreme left field. There is no immediately discernible purpose to LD 1015. Instead it is just another artificial unfunded politically motivated mandate on job providers.
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This bill requires employers who employ over 100 workers in the State to report annually to the Bureau of Labor Standards within the Department of Labor the total compensation of the chief executive officer of the employer and the total compensation of the full-time employee of the employer with the lowest rate of pay. The bill requires the bureau to submit an annual report including, for each employer required to report under this bill, the employers’ information and the ratio of the total compensation of the chief executive officer of the employer to the total compensation of the full-time employee of the employer with the lowest rate of pay to the Legislature and post the report on the department’s website.
A couple of points that need to be said out loud.
1. Comprehensive wage data is available in aggregate form from the Maine & U.S. Departments of labor / Workforce.
- Occupational Employment Statistics
- O*Net OnLine
- Maine Department of Labor ~ Center for Workforce Research ad Wage Information
2. What is the purpose and intent of this legislation? To require employers to report this data without first knowing the objectives, the measures, the benchmarks and what to do about it or with is backward and will not promote discussion. The sublime unspoken intent may be to provide shame & blame fodder for the income equality enthusiasts.
WGHR emailed a request to the
3. Proposed section 54.4 “Outside funding. The Department of Labor may seek and accept funding contributions to fully fund the costs of the report in subsection 2.” provides a hint. Where would these contributions likely come from? The DoL should not seek and accept politically motivated funding.
4. For privately held companies, this is an intrusive violation of privacy.
5. The data being requested is to simplistic to be of any meaningful analysis as other essential demographic and financial data points are ignored..
6. It is a distraction from developing the workforce needed for now and the looming demographic crash. See the
CWRI blog A Look at Job Vacancies by Occupation ~ 21,517 current vacancies paying a median wage of $16.06
WGHR recommends that this legislation be killed in committee.
What do you think?