Vote Up
2
Vote Down
Problem

There is a large wage gap between executives and average workers

1,693 Views / Posted by Kyle Halgerson

Share with Reddit Share with Reddit

Tags
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
Section This issue has not been linked to a statute yet.
Court Cases This issue has not been linked to any court cases yet.
News This issue has not been linked to any news articles yet.
Companies and Organizations This issue has not been linked to any companies or organizations yet.
    Ed Bradford

    Ed Bradford / November 6, 2011 at 7:15 PM ST

    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 12:50 PM ST

    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


    Sign in to post a comment.
    Solutions Add Add a Solution
    Vote Up
    0
    Vote Down
    Solution 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.
    Space
    Issues Laws Cases Pro Articles Firms Entities
    Issues Laws Cases Pro Articles Firms Entities
     
    PlainSite
    Sign Up
    Need Password Help?