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In reply to the discussion: Can we talk about a Maximum Wage? [View all]Donald Ian Rankin
(13,598 posts)40. A maximum wage is a very different thing to a maximum wage ratio.
The former is self-evidently an absurd idea - it's not about helping the poor, it's about hurting the rich.
The latter, which you're proposing here, is not *completely* absurd, but still wouldn't work in practice.
"we'll see companies starting to make bumper profits when they aren't being dragged down by onerous bonuses and CEO salaries"
What fraction of the wage bill of most companies do you think goes on people making more than, say, 15 or 25 times what the minimum earner makes? I suspect that it's usually really quite small, and wages as a whole are only part of total costs. I wouldn't bet my life on that, though.
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the money for CEO's isn't in wage/salary, it's in 'incentive compensation' that
geek tragedy
Jan 2014
#1
Yep. Enforcement is the problem, but the standards nevertheless have to be set.
loudsue
Jan 2014
#12
Ben and Jerry's set theirs at 10x the lowest paid worker which is the Green Party's proposed
adirondacker
Jan 2014
#59
I was responding to your argument on companies cutting jobs to go around the idea in the OP.
Half-Century Man
Jan 2014
#33
Nothing, because you've pretty well ensured that you will be broke very quickly.
Egalitarian Thug
Jan 2014
#26
As I said, in a sane system one would start a business because they want to do
Egalitarian Thug
Jan 2014
#34
Personally I think two things would go the furthest. Eliminate any distinction between incomes.
Egalitarian Thug
Jan 2014
#51
Or a living wage....no one is talking about a living wage, was popular at one time.....now??
a kennedy
Jan 2014
#9
If you have a machine shop you are putting money into, the money for the business is a deduction
haele
Jan 2014
#41
It's not likely I can sell you anything. But I have zero respect for great wealth.
hunter
Jan 2014
#55
The "minimum wealth" for both the foolhardy and the not foolhardy could be kept in trust.
hunter
Jan 2014
#58
Funny. Professional sports leagues like the NFL, NBA, and MLB all have salary caps/luxury taxes
Yavin4
Jan 2014
#36
Rather than a Maximum Wage that attempts to pin some number on an amorphous concept
Egalitarian Thug
Jan 2014
#53