Why, why, why is there so much focus on raising the minimum wage? No one gets paid the minimum wage...let free-market forces set minimum wages. Although on paper it sounds good, the reality is that very few employees actually earn the minimum wage. Maybe a few pimple faced teenagers will get paid more for flipping burgers, but there will be no improvement in workers near the poverty level.
What actually disturbs me more is the disparity between low wage earners and top wage earners. Fourty million dollars as a bonus seems extreme to me; paying someone $100 million to play baseball seems obscene. But you know what? That is the price we pay for a free market system. As long as people are willing to pay big bucks to watch a ball game, let the players get paid big. As long was we are willing to shop at Walmart, let Sam Walton get filthy rich.
The stance I take is that I don't watch professional sports anymore; I try not to shop at Walmart; I buy my funds from investment companies with lower overhead. As I suggest that our government do the same. I suggest that if the County or State or Federal government needs to do business with a corporation, legislate that the employees of that corporation get paid fair wages and the the CEO's get paid reasonable compensation.
But let the free market sort the rest out.....
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2 comments:
Whose money is it?
Free market aside, it is really none of your business that other people are getting "too much money".
Thou shalt not covet thy neighbors CEO bonus.
I'm not supposed to covet his wife; his pay is ok.
And it is my business if I am a stockholder and the CEO pay does not reflect corporate performance.
And since we are quoting the bible, let's not forget about the third deadly sin....greed.
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