A bunch of students at St. Mary’s College of Maryland have proposed a radical idea: raise the lowest employee salary  to $30,000 and then pay the college president ten times that much.

According to the students, St. Mary’s pay ratio was 1:13 for the 2012-2013 year, — far more equitable than corporate America. Among the 500 largest U.S. companies, the average pay ratio is a whopping 1:354 — up 1,000% since 1950, when it was 1:20.

While not sure of the solution, your Bitemaster is certain that the growing gap between haves and have-nots is bad for America.

Groundbreaking Plan Would Base The Boss’ Salary On The Janitor’s.