
Tom O'Connor
User for 23 days
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This simple idea means that the right-wing argument that 'a rising tide raises all boats' becomes a reality. Neo-liberals say that entrepreneurs deserve high incomes. It is usually those who stand to gain from this that promote the idea. Well this requirement means that, sure, let some people earn high incomes. But to do so they have to share the profits with everyone in the company - right down to the toilet cleaners.
It would also give everyone a meaningful stake in the organization. It obviously requires transparency so that the pay of the highest paid is known and staff should insist on knowing what the 'expenses' are too.
3 No one in a business should be allowed to earn more than ten times the earnings of the lowest paid. - 23 days ago