I am somewhat in favour of a maximum "share" of earnings someone is allowed to take home from a company (in the sense of, is a CEO really contributing 200x as much to the company as Joe Lunchpail?) but not of an absolute cap.
-- Steve thinks that somethings are indeed best left up to the market, even with the absurdities that sometimes arise.
Make that a ratio of lowest-wage to highest-wage per hour worked within a company and I'll sign on.
In other words, say the ratio is 25x -- then if the lowest-paid employee is on $10/hour, the CEO can earn no more than $250/hour, unless they up the wage of the lowest-paid.
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andrewducker) wrote2012-02-09 01:22 pm
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-- Steve thinks that somethings are indeed best left up to the market, even with the absurdities that sometimes arise.
no subject
In other words, say the ratio is 25x -- then if the lowest-paid employee is on $10/hour, the CEO can earn no more than $250/hour, unless they up the wage of the lowest-paid.