My problem with setting ceiling amounts is: who gets to decide? Trying to get an objective decision would be almost impossible. Though I do like the idea of fixing the relationship between the chief executives' pay and other employees...
who gets to decide? Trying to get an objective decision would be almost impossible.
Ha, yes! Anyone you asked would give a plausible argument for choosing to set the ceiling at £X, and it would just so happen that the maximum that that particular person could reasonably expect to earn in their life was £X-1...
I love the idea of setting maximum pay but I don't see how it could work in practice, except for public servants. Banning company execs from paying themselves hundreds of times more than they pay their junior employees seems a much more practical idea that might also improve things for those on minimum pay.
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andrewducker) wrote2012-02-09 01:22 pm
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Ha, yes! Anyone you asked would give a plausible argument for choosing to set the ceiling at £X, and it would just so happen that the maximum that that particular person could reasonably expect to earn in their life was £X-1...
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I love the idea of setting maximum pay but I don't see how it could work in practice, except for public servants. Banning company execs from paying themselves hundreds of times more than they pay their junior employees seems a much more practical idea that might also improve things for those on minimum pay.