- Daniel Marques
- London Uk
- United Kingdom
This conversation is closed.
Should/Could a maximum wage be introduced; A limit to how high the highest earners can make?
The gap between the highest earners and the lowest is too great. John S Lewis said, "Capitalism has done enormous good...but the perversion has given us too unstable a society. Differences of reward must be large enough to induce people to do their best but the present differences are too great."
Some humans are paid (or pay themselves) over 1000 times the wage of their workers, and orders of magnitude greater still than the vast majority of the world. The risk and effort of such jobs have been attributed to some of the reasons to this but I argue that these people would not suffer too greatly if they did not give themselves or were given millions of pounds. Further more, I don't believe any individual human, from their actions, is deserving of such vast amounts of wealth (short of saving the planet from certain extinction).
Perhaps a maximum wage could stop situations where greed consumes those who are after the next big bonus, no matter what effect their decisions may have on others.
What seems like a reasonable maximum? £200,000, £500,000 a year perhaps?
I know there will be some who are strongly against this. But even if the amount was more, setting a limit may help reduce the enormous wage gaps of CEO's/ managers and their workers which is grossly unfair. Consider it for a moment, or perhaps a similar idea is available.