Should we create a maximum wage?

[JohnOfSheffield]

In this time of high unemployment we need more jobs for folk to do and we have millions of folk with tremendous skill sets out of work. If we cap the maximum anybody can earn at say 50 dollars an hour companies could put a lot more people to work. Instead of one CEO a company could hire 50 vastly increasing the chances they're being served with the best advise. This would swell the ranks of white collar workers and insure a huge middle class. Now instead of a small number of folk who can cat caviar every night there would be 50 times as many who could eat it once a week. The economy would take off and people would be happy. A huge new class would now be the nouveau rich.

Considering that the ones that run the companies get bonuses worth tens of millions of dollars for running the company into the ground, i'd say yes.

Perhaps justification of wages all over is the key? IE, you get paid for what you do.

 

[lothar]

In this time of high unemployment we need more jobs for folk to do and we have millions of folk with tremendous skill sets out of work. If we cap the maximum anybody can earn at say 50 dollars an hour companies could put a lot more people to work. Instead of one CEO a company could hire 50 vastly increasing the chances they're being served with the best advise. This would swell the ranks of white collar workers and insure a huge middle class. Now instead of a small number of folk who can cat caviar every night there would be 50 times as many who could eat it once a week. The economy would take off and people would be happy. A huge new class would now be the nouveau rich.

Your plan won't affect hedge fund managers.

 

[PricklyPete]

Michael Bolton: That's the worst idea I've ever heard in my life, Tom.
Samir: Yes, this is horrible, this idea.

 

[Moonbeam]

CycloWizard: If everyone were true communists, your model would work perfectly. However, the people who pretend to be true communists have ulterior motives, usually involving the subjugation of those who are willing to work to better themselves.

M: You will understand better the ulteriority of others better when you better understand your own. You are probably largely unaware that you hate yourself.

CW: Because in school, you learn how to learn.

M: That's a joke. I have a completely different idea what learning is to what you call learning.

CW: You're unlikely to find anyone who has achieved significant scientific achievement in the last 500 years without finishing a doctoral degree.

M: There isn't yet a really accessible free university where anybody can go and learn free.

CW: You've also contradicted yourself in saying that people who charge to educate people do it for the money, but limit the number of degrees they grant, thereby limiting their own income.

M: Right that's why professors churn out millions of other professors.

CW: Funny how those who don't have an education don't value it very highly.

M: You could only know this if you're uneducated and speaking for yourself.

CW: If you knew much about higher education, you'd know that a student's tuition doesn't even pay for their education - it's heavily subsidized by those of us who bring in research dollars.

M: If you knew anything about apples would you have mentioned they have a core. Right, you are talking out your ass.

CW: You'd also know that college enrollment struggles to keep up with population growth because colleges try to keep costs low rather than simply building new dorms, bringing in more students, and devaluing their degrees by handing them out to every idiot who applies.

M: Why didn't you mention that oranges have sections, fool. See, you don't know anything.

 

[Moonbeam]

Considering that the ones that run the companies get bonuses worth tens of millions of dollars for running the company into the ground, i'd say yes.

Perhaps justification of wages all over is the key? IE, you get paid for what you do.

Do they have PhDs?

 

[JohnOfSheffield]

Do they have PhDs?

I don't get your point, why would anyone need a PhD to have practica.... oh, i get your point.

 

[Nemesis 1]

CycloWizard: If everyone were true communists, your model would work perfectly. However, the people who pretend to be true communists have ulterior motives, usually involving the subjugation of those who are willing to work to better themselves.

M: You will understand better the ulteriority of others better when you better understand your own. You are probably largely unaware that you hate yourself.

CW: Because in school, you learn how to learn.

M: That's a joke. I have a completely different idea what learning is to what you call learning.

CW: You're unlikely to find anyone who has achieved significant scientific achievement in the last 500 years without finishing a doctoral degree.

M: There isn't yet a really accessible free university where anybody can go and learn free.

CW: You've also contradicted yourself in saying that people who charge to educate people do it for the money, but limit the number of degrees they grant, thereby limiting their own income.

M: Right that's why professors churn out millions of other professors.

CW: Funny how those who don't have an education don't value it very highly.

M: You could only know this if you're uneducated and speaking for yourself.

CW: If you knew much about higher education, you'd know that a student's tuition doesn't even pay for their education - it's heavily subsidized by those of us who bring in research dollars.

M: If you knew anything about apples would you have mentioned they have a core. Right, you are talking out your ass.

CW: You'd also know that college enrollment struggles to keep up with population growth because colleges try to keep costs low rather than simply building new dorms, bringing in more students, and devaluing their degrees by handing them out to every idiot who applies.

M: Why didn't you mention that oranges have sections, fool. See, you don't know anything.

What the hell moonie bad day or what First your self hating people again . Than this poorly written trash based on your hate. Whats up! Its not all bad ya know.

 

[Moonbeam]

What the hell moonie bad day or what First your self hating people again . Than this poorly written trash based on your hate. Whats up! Its not all bad ya know.

Huh?

 

[Bateluer]

To the original question, hell no. Businesses should be able to pay what their employees are worth and what their employees are able to command. Wage freezes have never accomplished anything positive in the past in any country that's used them, why would that change now? You cannot possibly be that clueless . . .

 

[Moonbeam]

To the original question, hell no. Businesses should be able to pay what their employees are worth and what their employees are able to command. Wage freezes have never accomplished anything positive in the past in any country that's used them, why would that change now? You cannot possibly be that clueless . . .

I'd believe you're serious if you are paying your employer to keep you on.

 

[CycloWizard]

CycloWizard: If everyone were true communists, your model would work perfectly. However, the people who pretend to be true communists have ulterior motives, usually involving the subjugation of those who are willing to work to better themselves.

M: You will understand better the ulteriority of others better when you better understand your own. You are probably largely unaware that you hate yourself.

C: My motivation is to do what I enjoy doing and be able to live my life without worrying if I will be able to put food on the table.

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CW: Because in school, you learn how to learn.

M: That's a joke. I have a completely different idea what learning is to what you call learning.

C: That's probably because you don't know how to learn anything that is useful for pushing back the frontiers of science. You only know how to try to shovel your BS philosophy down everyone else's throat to make yourself feel better.

--------------------------------------------
CW: You're unlikely to find anyone who has achieved significant scientific achievement in the last 500 years without finishing a doctoral degree.

M: There isn't yet a really accessible free university where anybody can go and learn free.

C: You can go to a Catholic monastery and get a free education any time you want. That's how the University of Oxford started, but government took it over and it's no longer free. Funny how that works, eh?

--------------------------------------------
CW: You've also contradicted yourself in saying that people who charge to educate people do it for the money, but limit the number of degrees they grant, thereby limiting their own income.

M: Right that's why professors churn out millions of other professors.

C: Millions? Really? Try again.

--------------------------------------------
CW: Funny how those who don't have an education don't value it very highly.

M: You could only know this if you're uneducated and speaking for yourself.

C: No, I can deduce it based on your statements.

--------------------------------------------

CW: If you knew much about higher education, you'd know that a student's tuition doesn't even pay for their education - it's heavily subsidized by those of us who bring in research dollars.

M: If you knew anything about apples would you have mentioned they have a core. Right, you are talking out your ass.

C: And you're obviously the expert on the subject, just as you are with every other subject. As usual, you're long on ignorance and short on reality.
--------------------------------------------
CW: You'd also know that college enrollment struggles to keep up with population growth because colleges try to keep costs low rather than simply building new dorms, bringing in more students, and devaluing their degrees by handing them out to every idiot who applies.

M: Why didn't you mention that oranges have sections, fool. See, you don't know anything.

C: In lieu of any real argument, you'll simply insert your gibberish in a feeble attempt to appear clever.

 

[JS80]

To shoemaker: hey, you can't make more than 2 shoes per day, that other guy needs to make a living making shoes too!

 

[Jaskalas]

Should we create a maximum wage?

Do you believe in privacy? More precisely, of private property?

Those two notions stand in stark contrast to your notion of owning this nation's wealth. To seize and use it as you see fit.

That you ask a communist question is of no surprise. It's nothing more than the inevitably of believing you own the people whose property you see fit to take. Everyone should be equal in the commune, as they were in the USSR, Cuba, China, and North Korea. So too will they be happy in your utopia.

Tax everything, how great would that be?

No

 

[Acanthus]

If we cap it at $10 dollars an hour we could hire 250! That would be 250 times as many people!

The problem being addressed is the dramatic fall in the quality of service due to cutting labor, and CEO pay now at a 60:1 ratio with a normal worker, even in failing companies.

The problem with the proposed line of thinking is that the money saved would go toward employing more people. It is fairly unlikely with our current business culture that it would be the case.

My solution is to pay executives in stock only, with a nominal salary (say the average salary of their corporation). Additionally, that stock must be held for 2 years before it can be sold.

This will stop the "looting" of companies because long term profitability and growth will be the primary concern of the executive, not short term stock prices and bonuses.

 

[Zargon]

I don't get your point, why would anyone need a PhD to have practica.... oh, i get your point.

they dont have PhD's, they have MBA's :awe:

 

[Londo_Jowo]

Do they have PhDs?

Most, if not all of your six fingered south has a PhD......Posthole Digger.....

 

[ConstipatedVigilante]

The businesses wouldn't hire more. They'd just reap more profits. Why hire 50 CEOs when one does the job just fine? In any case, it sounds like you don't know a thing about organizational behavior in business. The more people you have working on the same thing, the more of a clusterfuck it becomes.

 

[TheDoc9]

Outsource high earners and execs. See how all of that hard work and sacrifice pay off then. Maybe you'll realize what the rest of us have - that no matter how hard you work you can't compete with someone who's dirt poor and willing to underbid you to put food on the table.