Here’s another idea!
By Pixel. Filed in idea! |
In the United States, they are presently raising the minimum wage. The problem with this is that it’ll simply drive inflation up, thus hurting the people at the bottom even worse.
I have a better idea:
What if, instead of a minimum wage, there were a maximum wage? What if the highest paid person in a company could only make 25 times as much as the lowest paid person in the company? This still seems like a lot, considering the average in Japan is 11x, but 25x should be acceptable to everyone.
It would work like this:
Jim Skinner, CEO of McDonalds, pays his employees $5.25 an hour, but makes millions every year. After the passage of the Pixelated Bill for a Mandatory Maximum Wage, his salary would drop to $291,000 per year. The extra revenue would either have to be reinvested into the company (building new stores or whatnot) or given to the lower paid employees.
The brilliance in this idea is that it would automatically stop inflation. It would also make shrink the divide between the lower and the upper classes. In order to make one million dollars a year, the president of a company would have to pay his employees almost $20 an hour! I imagine I’m ignoring small business owners somewhat, but for the life of me, I can’t figure out how they would lose out in this either.
What do you think? Did I demolish inflation or what?
Monday, January 21st 2008 at 9:37 |
but you made a lot of high paid people very angry:)
Monday, January 21st 2008 at 9:40 |
Considering that the top 5% of the nation’s earners pay something like 80% of the nation’s taxes, I think there might be a little flaw in your plan. Still, your heart’s in the right place. I commend you for that.
Monday, January 21st 2008 at 10:23 |
I think you’re a flipping genius. But it would never work.
Monday, January 21st 2008 at 17:23 |
Well, the top 25% pay about 80 percent, yeah, but my system would completely change the entire system. Now taxes would be far more equally distributed, as would the work.
Heck, even if the maximum wage were 50x the minimum pay, it would completely change the system.
In order to make more than the maximum wage, people would have to start multiple businesses or pay their employees more: both things that would revitalize the economy.
Monday, January 21st 2008 at 19:07 |
i believe that your theory would also support small business. beautiful, hopeful logic. burn the naysayers.