RE: Swiss propose to limit corp. executive pay to 12x their lowest-paid employees
November 15, 2013 at 1:38 pm
(November 15, 2013 at 8:17 am)CapnAwesome Wrote: I think some of this is well intentioned but ultimately stupid and doesn't deal with several realities. The most important being the brain drain. The truly quality qualified people will simply head companies out of countries that will pay them more.
There is no cap on pay, here. CEOs can still have their ridiculous millions every year. They just have to pay their lowest-wage employees 1/12 of what they make.
Quote: Another is that do you guys really think your average Swiss worker is suffering in poverty? This is the country with the highest standard of living in the world, but sometimes you guys act like all these pampered first world people are suffering. Get real. I'm pretty sure that Swiss workers (and indeed those in any first world country) are doing just fine.
Poverty should never even enter the equation. Workers shouldn't have to be literally starving before something is done about income inequality. The people who actually make business profitable by doing all the dirty work get relatively nothing for it while people expending relatively no effort at the top deserve to get a thousand times (or more) in compensation. For some reason, we seem to have decided that this is okay.
Quote:When people with flat screen T.Vs and video game systems and laptops are complaining about their poverty they just come off as whiney babies with imaginary first world problems.
Peasants! You can afford LUXURY ITEMS that literally cost dozens of dollars! People in Africa starve every day!
