system
Given the following post, respond as if you're commenting on Reddit:
human
Is there already a concept for regulating the percentage of a company's profit that must go to paying employees?

Basically title, but with the caveat that to be effective it seems there must also be some provision for the distribution of that percentage, so that the executives don't take it all and everyone else gets minimum wage. Another possible caveat could be that a truly evil/machiavellian company could simply hire more people for the purposes of lowering everyone's salary, but I'm not sure there is a clean way to prevent that without secondary effects. 

From my naive perspective this idea seems different from mandating the price of labor like a minimum wage law does. 

If this idea has already been tossed around, has it been tried anywhere? What were the results?

Edit: In response to UpsideVII's comment, I realize the title/question is confused since "Profit is revenue minus costs and wages are a cost. So 0% of profits go to paying employees by definition". Instead, his suggestion of "setting a fixed profits to wages ratio" seems a more workable definition. More generally, I'm wondering why there isn't a more direct solution (or if there is, please inform me of it) to this problem of somewhat "liquid inequality" where a company can just decide to dump all of their profits into whatever they want, regardless of the ratio of profits to wages. I get being too strict with this ratio (if set at a national level) would make US companies vulnerable to international competitors who have no such limit and dump everything into R&D or somesuch, but surely establishing some ratio is better than none, or am I mistaken?
gpt
I'll just throw out that you should probably rephrase your question or you are going to get confused answers.

Profit is revenue minus costs and wages are a cost. So 0% of profits go to paying employees by definition.

Perhaps you mean fixing a % of revenue that must go to paying employees? Or setting a fixed profits to wages ratio?