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Time for a Maximum Wage? Should the US Limit CEO Pay?
US companies should be prohibited from paying any employee more than 35 times the compensation of their lowest-paid employee.
Reducing CEO pay will leave additional profit which could be funneled into research and development and therefore major scientific discoveries.
A wage cap would benefit the economy.
Money is not linked to happiness past a certain point. In Northern America this tipping point is $105,000 per year according to a
. Salaries higher than that are a waste of money and can even lead to a lower happiness.
Surveys indicate that the public would support this policy.
US businesses would gain more legitimacy.
More equitable pay would improve company culture and increase employee morale.
The state ought take steps to protect workers from exploitation, and if exploitation is defined as the unfair treatment of someone in order to benefit from that person's work, the inequality between the payment of executives and workers suggests exploitative wage policies.
Salary caps would reduce income inequality, which society as a whole would benefit from.
The existence of highly paid, wealthy executives is beneficial to society.
A maximum cap on salaries would result in a mass exodus of talent - essentially exporting critical knowledge and organization overseas and crippling the competitiveness of US companies in the global marketplace.
High executive pay attracts high quality executives.
A business exists to create value. Compensation should be determined by a person's work and role in terms of value to the business, therefore high executive performance should be compensated accordingly.
Governments ought not interfere with corporate compensation structures.
Incentives already exist in the market to increase compensation for low-paid employees.
Salary caps are next to impossible to enforce.
This policy will force companies to employ less staff directly.
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