In the UK politicians have proposed a maximum wage to lessen inequality.
It's a good thing
Side Score: 8
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Its a bad thing
Side Score: 24
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But do these other people deserve to receive it? And consider this: Let's say the maximum wage is $150,000. There is a full time doctor who is paid this maximum wage. He considers working extra hours but then he realises that this will not benefit him as his pay will not go up. He has a family and a life outside work and there is no point taking away his time to spend with these things as he will have nothing extra to give his family or his life if he works these extra hours. There are many other doctors in this situation as well. Not to mention the countless amount of people in other professions who are also in this situation. A maximum wage will have a terrible effect on workplaces around the country and a terrible effect on the economy. A maximum wage could send the country into a crisis! If you want/need more money then work for it. Don't leech off the people who work hard. Don't punish those who work hard. Side: Its a bad thing
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Those industrious entrepreneurs who aspire to becoming millionaires or billionaires would take their drive and job creating enterprises to a country in which free market forces are allowed to flourish and where the rewards for the most capable are commensurate with their personal ability. In a society where earning restrictions are imposed artificially in an effort to close the so called pay gap it's the working man who looses out as this form of leftist shallow thinking triggers a ''brain & talent drain'' where those who create wealth and employment all take a hike somewhere else. Side: Its a bad thing
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Why go to college? Why become a doctor? And with this thinking, healthcare quality goes through the floor. You wouldn't have doctors, and who you would have wouldn't be the best. This is why Socialism is mindless stupidity. You'd have to force people to do jobs that pay well in a capitalistic model. And that in itself isn't "equality". This model encourages totalitarian control by the state. Side: Its a bad thing
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False. You'd think you'd get tired of being wrong, but alas... Side: Its a bad thing
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Companies should be forced to annually display their pay ratios as in the difference between top salaries down to the lower end ; I'm all in favour of people being rewarded for high achieving and bringing excellence to the work place but what about the opposite ? During our European recession top executives were still given increases in salary and bankers who destroyed my country were given bonuses ; the average Joe had his wages slashed across the board by 40 per cent and more , workers wages have not got back in line with wages before the recession 8 year ago yet all the time top salaries rose to the ones who destroyed the country . Side: Its a bad thing
First of all, the super rich aren't paid a wage at all. They make their money through investments, corporations, lending and other means. As a result, any cap on wages will simply increase the gap between the rich and the super rich. Further, those earning over 150k a year already pay 45% tax. When you think about how wages are distributed; based on the apparent value of the individual's contribution to the organization, it becomes clear there is no fairer system. Those who work their way to the top generally work themselves to death. They have skills and qualifications those earning less don't have and are providing something that those paid less cannot. See also the Pareto principle: 80% of contribution comes from 20% of sources. We should let the market decide the relative value of an individual's labor, for that is the only way we can fairly and correctly estimate it's relative worth. Side: Its a bad thing
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