The OPs comment does affect income inequality when implemented at scale.
As easy as the implementation is for you and your team, those results have relatively little affect in the scheme of things. In order to make the suggestion a paradigm shift, money would be moved from the top to the bottom in an "at scale" implementation.
Edit: paying your workers less per output has essentially been the last major management paradigm to drive growth over the past 20+ years. The counter examples (Costco) are the exception.