Maximum wage?
Interesting conversations (and some uninsteresting ones, too) going on here about CEO pay. A few folks allude to an idea I've been discussing recently with friends - that of a maximum wage in this country. I'm not sure exactly how it would work, but it certainly would be a more radical change than raising the minimum wage and would more fully (though I franklyb don't know how effectively) address some of the problems that lead to poverty in this country. When we talk about the growing wealth disparities, we tend to focus on poverty as the problem which ignores the flip side of the phenomenon - the skyrocketing wealth among a very few.
posted by Jill Williams at
10:34 AM
2 Comments:
I can't agree on a Maximum Wage but I do think the wages of those at the top should be tied to the lowest wage a company pays. In other words, before those at the top get a 10% increase those at the bottom must get a !0% increase and if a company can't afford to do that then no one-- especially those at the top-- should be given pay increases.
It's really tragic that CEOs are raping employees AND stockholders while laughing all the way to their offshore banks.
I like the idea of tying highest and lowest wages to each other, Billy, but even that, if it is based solely on percentages, merely maintains the current gap between CEOs and workers, which is currently over 440:1 (and that's a figure from 2004...my guess is it is much higher now, though I don't know for sure.)
Good to hear from you. Hope you are doing well.
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