Comments on: A Maximum Wage

By: Nathanael Capaccino

Nathanael Capaccino — Wed, 17 Feb 2010 02:30:19 +0000

Hello just thought i would tell you something.. This is twice now i’ve landed on your blog in the last 2 days looking for totally unrelated things. Spooky or what?

By: Geri Mcalpin

Geri Mcalpin — Sat, 13 Feb 2010 02:08:18 +0000

Very good article. I’ve found your site via Bing and I’m really glad about the information you provide in your articles. Btw your sites layout is really messed up on the Chrome browser. Would be cool if you could fix that. Anyhow keep up the great work!

By: Tony Ramsour

Tony Ramsour — Mon, 01 Feb 2010 19:30:20 +0000

It appears similar to you’re creating problems yourself by trying to unravel this issue instead of looking at why their is a retardant in the first actual place

By: Beautiesblmdu

Beautiesblmdu — Wed, 01 Jul 2009 00:31:40 +0000

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By: L Borland

L Borland — Thu, 12 Feb 2009 11:06:10 +0000

Wages are only part of remuneration - stock options and pension payments being other ways in which top executives are rewarded. David Vise in “The Google Story” discusses how stock options are used by Google to retain creative staff who would otherwise leave to set up their own companies when they had a great idea for a new product, and also how its intense competition for talent with Microsoft affects pay. Its a very readable book by a Washing Post journalist - try your local library (I did).

May lead to a brain drain? Well I would expect multinationals to relocate outside the UK within nanoseconds if this type of policy were to be imposed, with a catastrophic loss of tax revenue. As the Ben & Jerry’s example shows, we are free to chose to set up companies on this basis, and there are investment advisors who can help savers identify companies with salary structures they consider fair.

By: L Borland

L Borland — Thu, 12 Feb 2009 10:46:54 +0000

For more about Ben & Jerry’s salary policy, where until 1994 no executive was paid more than 7 times what the lowest paid employee earned, see the New York Times, June 14, 1994 edition.

Norway, Sweden and Finland all apply fines for speeding which are proportionate to income .Nokia’s boss, in Finland, paid the highest ever speeding fine (Anssi Vaajoki) as Finland appears to be alone in having no upper limit.

By: L Borland

L Borland — Thu, 12 Feb 2009 10:34:49 +0000

This was used by Ben & Jerry’s - the US feel good ice cream company, until it ran into recruitment problems in Europe.

By: Joe Cox

Joe Cox — Sat, 31 Jan 2009 21:58:14 +0000

Elro, I cannot see your concern, if this legislation bound all firms to the ratio then lower paying firms would have to reduce their top wages or raise their minimum wage. Whether the job is outsourced or not is irrelevant

By: Martin Rathfelder, Director, SHA

Martin Rathfelder, Director, SHA — Thu, 29 Jan 2009 00:25:59 +0000

We could start with the public sector. A ratio of ten times the wage of the lowest paid, per hour, should be sufficient to incentivise the top people. Some senior managers claim they work very long hours and so need extra rewards - well let them record these long hours like everyone else if they want to be pad for them

By: elro

elro — Fri, 23 Jan 2009 17:05:48 +0000

I can’t see how this could work in practice. Low paid work would just be outsourced to other firms, rendering the regulation ineffective.