Minimum or Maximum Wage

I was reading or watching something the other day (I can’t find it now) that mentioned having a maximum wage, and I thought the idea was interesting.

Why would this be an issue?

Well, the widening gap between the richest 1% and the rest of humanity has been a growing problem:

The combined wealth of the richest 1 percent will overtake that of the other 99 percent of people next year unless the current trend of rising inequality is checked, Oxfam warned today ahead of the annual World Economic Forum meeting in Davos.

So basically, instead of having a minimum wage, you would have a maximum wage. Either this would mean that people weren’t allowed to make over a certain number depending on their profession or (and I like this option better) depending on how much the highest paid person of that company makes, the lowest worker would be guaranteed a certain amount.

So for example (and these are hypothetical numbers) the CEO of company A makes $500,000 per year. This might mean that the lowest paid position in that company is guaranteed to make 10% of that amount, which would work out to $50,000 per year.

As wages for the highest paid positions go up, so to does the wages of the lowest paid positions.

The arguments I’ve heard against this position (or ones I could imagine) are that by capping wages, you take away the incentive to achieve more. This would especially be true in the first scenario that features a hard cap on wages, but the second scenario of scaling wages would still allow for wage increases but would simply mean that those wage increases would be across the board.

You could also argue that it will take a lot of bureaucracy to figure out a fair percentage between the highest paid positions and the lowest, but I don’t think that’s a great argument because it could be done given enough political will.

The most convincing argument against a maximum wage or scaled wage system is that it will chase companies away. They won’t want to operate within a system that doesn’t allow them to take advantage of…errr…increase their pay without also raising the pay of their employees.

Personally, I can see why that might raise concerns.

So what are your thoughts? Do you think either of these two ideas have merit or do you believe the way things run now is working better than either of these ever could?

Hell, I’m no economist. I’m surprised I’m even typing this because money and math both bore the shit out of me.

How did I get here? Where’s my teddy?

Anyhow, looking forward to hearing your thoughts.

 

Advertisements

Answering Share Your World Questions

It’s time for this week’s Share My World.

The first question this week is:

Do you prefer eating foods with nuts or no nuts?  

Without nuts. I love nuts but I prefer just eating nuts whole, rather than having them in things. The one exception is Pecan Pie. So good!

If someone made a movie of your life would it be a drama, a comedy, a romantic-comedy, action film, or science fiction?

Probably a little of everything, except science fiction. I’ve never flown a rocket ship or found myself in an alternate dimension…yet.

 Who talks real sense to you?

I think Sam Harris talks a lot of sense, and even the things he says I don’t agree with, I usually find interesting.

Dave Rubin talks a lot of sense.

I guess it depends on the circumstances or topic. People are incapable of talking sense 100% of the time.

Do you have a favorite board game?

Risk by far! I love that game. I also like Chess.

Optional Bonus question:  What are you grateful for from last week, and what are you looking forward to in the week coming up? 

To be honest, I wasn’t all that thankful last week. At least, not in something spectacularly different than every other week.

This week I’m looking forward to seeing a Christmas Festival with a client.

First Shop and Settling In

Dexter sleeping it off after playing in his new yard.

I’m now officially moved into my new home. It’s pretty comfortable and Dexter stayed by himself for eight hours last night and did perfectly fine, even though his Daddy-Dog was nervous as hell at work.

Dexter sleeping it off after playing in his new yard.

Dexter sleeping it off after playing in his new yard.

I went for my first shop which was super expensive. Seems all first shops are, but I still feel the need to complain about it.

Below you’ll find a picture of the beginning of my shopping adventure. It ended in tears at the checkout but that’s neither here nor there.

My first shop! Ignore the bachelor unhealthy things.

My first shop! Ignore the bachelor-type unhealthy things.

I thought it was going to be harder than it was. I actually feel free for the first time in a long time. I can do what I want, argue with whomever I please and I don’t have to hide bits of me. No one holds power over me except myself.

I feel good.

I’m still a bit restless when falling asleep, but overall life is great. Maybe I’m fooling myself, but if that’s the case I hope it keeps up. Maybe being a fool isn’t so bad after all.

I also wanted to thank the readers here who were so supportive when my life turned upside down. You guys and gals helped me get through it and see the brighter side of things.

We’ll see how things go in the dating department. I promised myself that I’ll live here for at least six months. I won’t be going anywhere until spring (March) at the earliest. I hope I can stick to that plan.

Anyhow, that’s all I got for now. Keep on blogging and thanks again for your support. It means a lot to me.