General Discussion
Showing Original Post only (View all)Can we talk about a Maximum Wage? [View all]
As long as we talk about minimum wage which will never affect the rich CEOs and captains of industry, they'll be able to keep saying how bad of an idea it is. It'll never even touch them in any way. So, what we need to discuss then, is a Maximum Wage.
The CEO of a company can make no more than a certain multiple of the lowest paid employee. Including benefits, stock options, bonuses, etc... the top brass can only make a certain multiple of the lowest wage they're willing to pay.
I suspect that we'll see a couple of things happen. Either the CEOs will start wanting to raise minimum wage to maximize their own salaries, or we'll see companies starting to make bumper profits when they aren't being dragged down by onerous bonuses and CEO salaries.
Just spitballing, here. Until there is something that affects those with the money, nothing will change.