Quote:
Originally Posted by GGG
A concept I like but would fall terribly on its face if ever implemented is that the highest paid person in any company shoudl not make more than 100 times more than the lowest paid person. If the minimum wage is $10 per hour no one could make more than $1000 per hour. Still enough to be quite rich but not mega rich. It also incentivises increasing your lowest paid employees pay. On the otherhand it would encourage companies to outsource low paying work in order to raise saleries for the executive so it would never work in practice but I like the concept that there should be an upperboundry on capitalism. You cant take away incentive to take risk and innovate but there is a point where you certainly dont need more.
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I thought that Switzerland already had such a wage-cap ratio in place but it looks like next month they will be voting on whether not to to instill
one.