Ralph Deeds profile image 72

Does the United States need a maximum wage as well as a minimum wage?


In response to a huge increase in inequality of income and wealth a movement has begun in support of establishing a maximum wage. CEOs would be limited to a specified multiple of the company's worker pay. Barclay's bank CEO pay has gone from 13x average worker pay in 1980 to 169x the worker average today. Seems to me that this would be a simple and direct approach to dealing with the inequality that is causing many to lose faith in our democratic free enterprise system. Dodd-Frank contains a provision which requires public corporations to reveal their CEO-median worker pay ratios every year.

 

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