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Old 11-22-2013, 03:25 PM
 
3,353 posts, read 6,441,085 times
Reputation: 1128

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Essentially the referendum will be aimed at the top earners in the company and will make it so that they may only earn twelve times the amount of the lowest paid-worker. What do you all think of this law? Personally, if I owned and operated a business I wouldn't want to earn that much more than my employees (if the lowest paid worker is paid $20,000, I'm satisfied with $250,000 but it would give me an incentive to raise employee wages if I did indeed want to raise mine) but then again, I think it should be a companies on mission to implement a law like this one, not the government.

http://www.bbc.co.uk/news/business-25048192
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Old 11-22-2013, 03:28 PM
 
Location: SF Bay Area
12,287 posts, read 9,822,024 times
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Once I made 12 times the lowest paid employee I would shut down the business for the year.

Dumbest.idea.ever.
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Old 11-22-2013, 03:41 PM
 
Location: NJ
23,558 posts, read 17,227,205 times
Reputation: 17597
Euro compensates execs with cars and things to avoid taxation.

Wages can be capped but since lawyers are involved, it becomes a publicity stunt with bonuses, stock options and tangibles making the difference.

Wonder how foreign owned companies are handled?

So where does all that money go that is theoretically 'saved' on CEO pay? They mandate the savings yet?
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Old 11-22-2013, 03:51 PM
 
34,279 posts, read 19,371,187 times
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I believe the 12:1 is total compensation.

Its not going to pass. They made the numbers too extreme. They should have shot for 100:1 and they could have passed it and made it stick, the 12:1 was foolishness.
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Old 11-22-2013, 03:53 PM
 
Location: Las Vegas,Nevada
9,282 posts, read 6,742,291 times
Reputation: 1531
Quote:
Originally Posted by Kracer View Post
Euro compensates execs with cars and things to avoid taxation.

Wages can be capped but since lawyers are involved, it becomes a publicity stunt with bonuses, stock options and tangibles making the difference.

Wonder how foreign owned companies are handled?

So where does all that money go that is theoretically 'saved' on CEO pay? They mandate the savings yet?
I see lots of money being sent to the Caymans.
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Old 11-22-2013, 04:10 PM
 
20,724 posts, read 19,363,240 times
Reputation: 8288
The sun would not shine without yet another stupid tax idea that already fails on the basic premise.
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Old 11-22-2013, 04:14 PM
 
33,387 posts, read 34,841,834 times
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when you limit the compensation for any employee, you never get the best available employees.
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Old 11-22-2013, 05:03 PM
 
34,279 posts, read 19,371,187 times
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Quote:
Originally Posted by rbohm View Post
when you limit the compensation for any employee, you never get the best available employees.
This.....does not necessarily correlate to factual experiences that we have seen lately. Seriously after a certain point it really doesnt seem to work that way. Before that...yes very true. But anything past a couple million a year really doesn't seem to make a difference, if anything I am even LESS impressed by those then I lower paid people.
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Old 11-22-2013, 05:05 PM
 
15,912 posts, read 20,198,598 times
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Why don't the Swedes go all the way and pass a law saying absolutely everyone in the country makes exactly the same wages, benefits and perks?
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Old 11-22-2013, 05:09 PM
 
34,279 posts, read 19,371,187 times
Reputation: 17261
Quote:
Originally Posted by plwhit View Post
Why don't the Swedes go all the way and pass a law saying absolutely everyone in the country makes exactly the same wages, benefits and perks?
Because everyone knows thats a horrible idea. But hey, dont let that stop you from falsely insinuating that thats what people who oppose your viewpoint want.

But if it helps you any, they DO have a minimum income vote coming up within the next two years!

IE everyone gets a check for $2,800 dollars a month, working or not. They will raise taxes to pay for it. Switzerland believes in community more then we do. In fact one common comment is that they don't want to "have homelessness be an issue while others have millions laying around like those people in the United States."

Yeah we're the example of who NOT to be for them.
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