The only policy that's needed is unions everywhere with industry wide bargaining like they do in Denmark. Or even better employee ownership.
replyThe thing about employee ownership is that, almost by definition, employees don't have much capital (that's why they live by selling their labour) and businesses need capital to survive. That capital has a cost, either interest on loans or profits going to outside shareholders.
reply> Let me guess, your next rebuttal
replyMy actual response "But then we will have to deal with biases, discretion and management collecting their 10mil bonus by giving the juniors a pittance"
The flip side of course is people who actually work in bonus heavy revenue generating roles - where the impact is easy to measure - tend to leave if they are not valued and take their clients with them.
Things work a lot better in a healthy economy with competition and low friction for people to move around - exploitation blossoms when people are trapped by economic circumstances