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This would be political information. CEOs that pay their workers better wages relative to CEO salaries would be seen as more responsible actors. Douchebags who race toward the bottom, fleecing their workers to line their own pockets will be seen to be greedy bastards, as they should be. Such information might well be important to some consumers. Most will go to Wal-Mart, but plenty of others will respond to such information. As they should. Companies that don't give a damn about their workers are not really a net asset for society, IMO. Those that do, should be recognized. The current system give d-bags a free pass.
Nothing will change. It's been pointed out once again that it is the FED action that is directly providing the money for many of these corporations to be swimming in money. Has it caused those who complain and complain about the wage gap growing to start demanding for this to stop?
Give me a salary of $15 million a year and you can put it on the front page of the NYTimes. We do that for ball players. Does it change anything?
Forcing rates higher hurts those seeking to buy homes as it drives there monthly payments up. This slows home sales, which lows construction-- a major economic force. It also drives business borrowing costs up, slowing purchasing of plant and equipment. All together, it can push the economy back into recession and is a bad idea.
A normal market driven market works itself out. As I noted when I bought my first house in 1985 the rates were 9.9. People were still buying houses.
There is also absolutely no reason everything must rise at some set figure every year either. It's been noted that in some markets the prices of houses is soaring again. There is no reason this must happen. If rates are 6% and houses sell for 2% more than last year as opposed to 15% at 3% there is nothing wrong with that.
I will note that you still didn't answer my questions.
That's so simplistic and doesn't account for forces that artificially depress wages. There is also no standard for what one's labor is worth. Your idea is merely a race o the bottom.
Artificially low rates depress the income of millions. You seem to have no problem here.
There are already many European companies that have capped executive pay, many US companies already disclose executive compensation but changing it in a rigged system is another story.
The culture of rewarding executives for failure is gradually changing as some of the huge pension funds have taken action at stockholder meetings, but still a long way to go.
Quote:
The European Union recently finished draft rules that will largely cap bankers'
bonuses at the level of their base salary. Swiss voters recently directed their
government to write a bill that gives shareholders a binding say on executive
pay. German politicians are looking to follow in Switzerland's footsteps with
similar legislation.
And these firms should have to disclose it , as long as they want to trade on the stock markets, and be held in public pensions and people's 401k's. Both institutional and individual stockholders need transparent information about the companies available for sale, and it is the SEC's job to make that information available.
You do not need to know a company's payscale in order to make an informed decision on whether or not to invest in that company. They already report their revenue, profit, costs, liabilities, taxes, etc. The ratios of how their compensation is distributed between the various employees is entirely irrelevant. People have been making intelligent investment decisions without that information for centuries.
Plenty of very wealthy hedge fund managers with few employees, did Romney have a hundred thousand employees?
Actually yes, Romney did create hundred thousand jobs...
Ever hear of Staples?
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