I started reading your comment expecting to disagree with a lot of what you said but ended up doing the opposite. You seem like an intelligent person. Maximum wage in particular is something I’ve never heard of but seems good in theory. I could see this being easily circumvented by corporations just registering their different departments as their own businesses though.
That’s just a question of implementation. You could easily do something like count wholly owned subsidiaries as part of the parent corporation.
The whole point of a maximum wage is that it essentially creates a curve for compensation - the more the top gets paid, the more at least half the employees have to be paid and the more the bottom employees have to be paid.
This means that huge corps like Amazon and WalMart have to pay substantially more to be able to pay what the executives they want will demand but small businesses operating on thin margins can get away with lower pay. Which means it simultaneously promotes small business and does a measure of wealth redistribution from the obscenely wealthy.
Also UBI and minimum wage solve the same problem and UBI does it better so it makes sense to go with UBI and drop minimum wage.
I started reading your comment expecting to disagree with a lot of what you said but ended up doing the opposite. You seem like an intelligent person. Maximum wage in particular is something I’ve never heard of but seems good in theory. I could see this being easily circumvented by corporations just registering their different departments as their own businesses though.
That’s just a question of implementation. You could easily do something like count wholly owned subsidiaries as part of the parent corporation.
The whole point of a maximum wage is that it essentially creates a curve for compensation - the more the top gets paid, the more at least half the employees have to be paid and the more the bottom employees have to be paid.
This means that huge corps like Amazon and WalMart have to pay substantially more to be able to pay what the executives they want will demand but small businesses operating on thin margins can get away with lower pay. Which means it simultaneously promotes small business and does a measure of wealth redistribution from the obscenely wealthy.
Also UBI and minimum wage solve the same problem and UBI does it better so it makes sense to go with UBI and drop minimum wage.