Problem :: There is a large wage gap between executives and average workers

There is a large wage gap between executives and average workers

1,985 Views / Posted by Kyle Halgerson

The upper-management in many companies make huge salaries while paying the majority of their workers comparatively little. This further consentrates the money and power into a smaller and smaller group of people at the cost of the rest of the contry. In the long term, this wage gap will effectively kill the middle- and lower-class's buying power, which will in turn cause the economy slow down or stop growing altogether.

While those capable of doing better or more specialized work should be paid more, the current wage gap is often in excess of 100 to 1. Regardless of how talented a person is, their work is not worth getting paid 100 times more.

Supporters: Brian Sperling, Kyle Rutland, Lisa Matulevicz

Opponent: William Hughes

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	Ed Bradford / November 6, 2011 at 7:15 PM EST There is no legal way to limit CEO pay. HOWEVER!! "Limited Liability cannot be enforced across state lines" is a simple constitutional law that would have avoided our recent economic discomfort. (I've read 12 books on it. If I'm wrong, please to me explain why.) If Dick Fuld, Frankin Raines, Jim Johnson, Hank Paulson, Jamie Dimon, Lloyd Blankfein had their personal fortunes on the line during the 2000-2008 debacle, there would have been no bubble and no recession, Ben Bernanke notwithstanding. Billy Ray Valentine: Yeah. You know, it occurs to me that the best way you hurt rich people is by turning them into poor people. "Changing Places" Eddie Murphy

	Anonymous / November 8, 2011 at 11:50 AM EST There is no legal way to limit CEO pay. HOWEVER!! "Limited Liability cannot be enforced across state lines" is a simple constitutional law that would have avoided our recent economic discomfort. (I've read 12 books on it. If I'm wrong, please to me explain why.) If Dick Fuld, Frankin Raines, Jim Johnson, Hank Paulson, Jamie Dimon, Lloyd Blankfein had their personal fortunes on the line during the 2000-2008 debacle, there would have been no bubble and no recession, Ben Bernanke notwithstanding. Billy Ray Valentine: Yeah. You know, it occurs to me that the best way you hurt rich people is by turning them into poor people. "Changing Places" Eddie Murphy

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Solutions

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0		Limit the maximum compensation of any company to 35 times that of the average employee.
		While this is still a large gap, it is a starting point for limiting how much the upper management can take advantage of the average worker. There is still no numerical limit on how much a CEO can make. Instead, it simply requires that they increase everyone's salary before increasing their own. In this case, compensation includes all benefits that have a monetary value. These include (but are not limited to): salary, healthcare, company car, housing allowance, meal allowance, and retirement benefits.


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