A TikTok influencer and business owner went viral after explaining how she runs a business without being “selfish.”
It’s simple according to Madeline Pendleton, the owner of L.A-based online boutique Tunnel Vision, who explains that all she does is pay her nine full-time employees the same salary as she pays herself.
The math is pretty easy.
She takes the annual payroll expense for all employees, $730,000, and divides it by the number of people working at the company—ensuring everyone at the company is on the same $73,000 annual salary.
“It’s just income redistribution,” she says.
https://www.tiktok.com/@madeline_pendleton/video/7083545939050237226?is_from_webapp=1&sender_device=pc
In the video, Pendleton cites the 2021 Economic Policy Institute report, which found that in 2020, CEOs of the top 350 U.S. firms made $24.2 million on average.
The study also found that since 1978, CEO compensation has risen 1,322%, while typical worker compensation has only grown by just 18%.
“It’s ridiculous,” she says. “This is what those CEOs are doing, so they can make that $24 million a year while you guys make like $30K or whatever.”
Pendleton emphasizes that any company can equalize its worker's salaries without having to spend more money as annual payroll expenses won’t change.
For the sake of argument, Pendleton spells out what would happen if she paid her nine other employees minimum wage, which is soon to be $16 an hour in Los Angeles.
At 40 hours a week without any paid...
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