This argument rests on the implicit idea that CEOs ‘steal’ value from their employees. That isn’t the case. Theft means taking someone’s property without consent. Employees instead voluntarily enter employment because they value the wages more than whatever else they have considered doing with their time instead.

cutting executive pay

This suggestion rests on the implicit idea that evil CEOs ‘steal’ value from their employees. That isn’t the case. Theft means taking someone’s property without consent. Employees instead voluntarily enter employment because they value the wages more than whatever else they have considered doing with their time instead.

Employment isn’t some abusive relationship where profit is ‘extracted’ from the employee. Under free-market conditions, the employer hires the employee, and the employee seeks employment from said employer, because both profit from the employment. A minimum wage, on the other hand, makes it harder for both to profit.