“which makes the companies both more profitable and more equitable”
Got any objective proof for the “more profitable” part? Not snarking, simply curious as that is a very bald faced statement to expect others to take on faith.
I’d expect if doing this always resulted in more profits, it would be a very widely done practice. (Outside of Trump style companies of course since the people who run such seem to be stupid in ways thet defy my ability to categorize along with what I call “Zombie Corp.” companies where no one at all seems to be in charge or capable of making decisions beyond voting the CEO and Board members massive raises routinely).