Should There Be A Maximum As Well As A Minimum Wage.?

[HansUrbancka]

https://www.msn.com/en-gb/money/personalfinance/unknown-mum-of-five-becomes-britains-highest-earning-woman-after-earning-%C2%A3199-million-last-year-running-gambling-website-bet365/ar-BBESmoa?li=BBoPWjQ&OCID=ansmsnnews11

Hans.

[sp1814]

First of all, I don't think there should ever be a maximum wage.

Secondly, it would be impossible to implement.

Thirdly - only those who aren't paid shedloads of money would even contemplate this.

Hans - if you were working in a company and thought of an idea which would save the business £14million per year - and because of this were promoted to the board with a salary of £1.5million per year, plus a bonus deal and shares - would you turn it down?

Would you tell your bosses to cap your salary at £42k per year, because anything above that would be obscene?

Or like the rest of us, would you be looking at houses in Gloucestershire and sidling up to Audi showrooms with a glint in your eye?

[Deskdiary]

There's one flaw in your post sp. Audis are for men that wear wrap around Oakley sunglasses. You know the type. And the marque should therefore be avoided. Go for a Mercedes.

[sp1814]

Both beat the BMW.

[jourdain2]

Not if they've created the business. Yes if you are talking about employed people such as footballers.

[jourdain2]

^^ Re: Other countries.. When we repainted (ground-floor)windows, we left them open and went off on a cycle ride for a few hours to let them dry, without a second's thought. (Rural France)

[ludwig]

I think maximum wage is a great idea, and along with everyone else I think it should be set at just a bit more than I'm getting.

[Quizproquo]

I don't think there should be a maximum wage but after a certain figure, say a million a year, it should be paid on a no contract pro rata basis just for the actual hours worked.
Let's be generous and base it on a 35 hour week.
It'd be interesting to see how many fell into that bracket anymore if you introduced it overnight.

[ludwig]

The Labour government under Harold Wilson effectively introduced a maximum wage by setting the highest tax rate to about 98%.

It suited their ideology of punishing the rich, but I don't think it worked particularly well in increasing revenue, or doing much else other than creating a load of tax exiles.