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A More Logical Minimum Wage? (Video)

David Pakman explores an idea for adjusting the minimum wage by making it relative to the maximum wage in a company. “For example, if the highest earner in a company earned two million dollars a year, then the lowest full-time earner for that company may earn no less than 2% of that amount, or $40,000 per year [one 50th].”

There would be logistics to work out. Still, the show notes that such a system is already in place in Sweden.

What are your thoughts?

 

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About The Author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She writes fiction about an alpha Bichon named Chester, and his friends--with a dash of humor and a dab of poli-sci. JoAnn worked professionally in the Psychology and Information Science fields. Retired now, she enjoys the creative life.

2 Comments

  1. JoAnn Chateau

    Oh yes, that would need to be taken into account. And this too: no top wage earner can refuse to accept his/her salary/bonus for a year. 🙂

  2. memadtwo

    One problem is all the perks that come with the high wages and don’t get counted as income. Still, it would be a start.

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