Maximum Wage

I have just finished responding to a lengthy comment on my previous post on the minimum wage.  I suspect that financial matters are indeed a concern that is close to many peoples’ hearts. 

Instead of raising the minimum wage I would like to suggest something more radical.  What would happen if we initiated a maximum wage?  

 I remember reading a while back about the Home Depot executive who retired and was given about a two hundred million dollar retirement deal.  Who is worth that kind of money?  For that matter, I understand that in sports, entertainment, business and other fields there are salaries that are beyond imagination.

It is the gross inequality in distribution that is so unfair.  What makes anyone worth so much?  It is not that I don’t think that some jobs should pay more than others, or that a person should not be rewarded for good work, even exceptional work, but when is it too much?  I believe that money could be distributed in a manner that is more equitable.  It is not that our lowest wage earners earn so little, it is that what some people make is so obscene.

4 Responses to “Maximum Wage”

  1. Susan Says:

    Good luck with that maximum wage thing! In the list of “obscene salaries” I feel that US Senators and Congressmen fit into that category. In any occupation where one can simply vote oneself a pay raise, there will be abuses. There are many things wrong with society as a whole, and as the Word tells us, “the love of money is a root of all kinds of evil.” Thank God that He is the One who sustains us, not the “almighty dollar”

  2. cgirod Says:

    I read an interesting editorial a while back that suggested that we pay our politicians more than we do now. The basic idea was that you get what you pay for, and the really big money is in the private realm. Should a corporate CEO make more than the president of the United States?

  3. Susan Says:

    I think the original intent of our early legislators was that the offices they held were a temporary thing, and their compensation was small, so as to cover the expense of them being away from their “real life” for the duration of their office. I realize that in todays world, we need “professionals” handling world politics. I guess I don’t really know how much they make, but I think we should be the ones who decide if they are doing a good job, and deserve a raise. Isn’t the salary of a corporate CEO determined by the board of directors, not the CEO himself?

  4. cgirod Says:

    I agree that it is not ideal that our politicians can give themselves raises. Perhaps, the salary review could be an extra line on the voting ballet.

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