Am I the only one who actually agrees with this law? In fact I'd go even lower to a 1:5 or 1:3 salary ratio. This way all employees become independent contractors who can set their own hours, they become emancipated from the corporate ladder, they're forced to develop entrepreneurial experience, network, form micro-companies that can work for multiple companies and develop enhanced specialities, have low level workers become CEOs by virtue of necessity, have less job security leading to increased competition and quality among all levels of workers preventing the big company style slide into mediocrity etc, etc.

Sounds like a much better system to me.

Edit: The analogy I see is like changing from owning your own servers to moving to a cloud/aws-like pay for use model. This sort of change reduces risk and unlocks innovation.