In 2021, the average CEO made 254 times as much money as the average worker. That's, like, a lot of money — way more than any one person truly ~needs~ in order to live a fulfilling life.
She even gets into the math and shows how this system works in practice. "We have 10 full-time employees, including me, and we just got our quarterly raises. So we all make around $73,000 a year. That means our company's annual payroll expenses for our full-time employees is $730,000."
"Now remember, our annual payroll costs at the company are $730,000 a year just for the full-time workers. We have three part-time workers too, but I'm trying to keep the math simple."
Her video got a ton of reactions, with some people enthusiastically supporting Madeline's business model.
And others had a lot of questions about things like different job functions being valued differently and how this system works in terms of motivation.
I had to learn more, so I reached out to Madeline via email. She shared with me that she's been running her business for 10 years, but it wasn't always set up this way. "I was always focused on trying to pay equitably, but wasn't always sure what the best method was to achieve that goal."
"Finally, in 2020, I settled on equal take-home pay across the board for days worked. It was easier for people to understand, and we combined it with giving people paid time off whenever they need — not just for vacations, but also for things like mental health days and physical health days. Our company culture is one that rewards rest, and we focus more on getting the work done than on putting in the hours."
She said the feedback from employees has been really positive. "Everyone loves it. They feel like everything is extremely fair, and it makes us feel more like a community because we know we're working not just for ourselves, but also to help each other out."
And in response to critics who think a universal wage is demotivating, Madeline said, "To us, traditional workplaces feel demotivating and far from equitable. One of our employees says she is proud to share how our company wages work with anyone who will listen. She says people need to know this is possible."
"Everyone at the company has said that they work harder here than they would in another workplace, for sure. One of our employees, Babylungs, is a musician who has a song where the chorus says, 'Quit your job and drop out of school.' They said they'd never work a regular job, but they love working here. They feel appreciated and seen."
