One thing missing in this discussion is reducing income differences before tax. The runaway incomes at the top, which have been driving the widening gap, really reflect a lack of constraints at the top, a lack of democracy. We need to deal with it by legislation, which exists in many European countries—I don't know whether in Canada—to have employee representatives on the remuneration boards, but also to encourage all forms of economic democracy, whether it's employee-share ownership, employee-owned companies, mutuals, or cooperatives. We must grow that sector of the economy.
Instead of having 300:1 pay differentials, typically, have 5:1, 10:1, or 20:1. That's the direction we must go if we're going to reduce these differentials within companies.