O/T:- ⚠️Impressed with the leadership [The UK Party Politics Thread]

[BigFatPie]

I get where he is coming from, but ...

There is no way that higher paid workers would take a pay reduction, so the only way to close the gap would be to considerably raise pay for the lower paid workers. But the problem then is that the gaps between various groups will close, and the next group up will want considerably more and so it would go on, until you reach the top earners and they will want to keep the gap.

Or do you keep the middle earners where they are and increase those below and reduce those above?

It's not only about what you earn, pensions, house and car etc you could afford would all be affected.

Oh - before anyone says I am looking for reasons not to do that because it would mean me taking a reduction ...... I'd be in those getting an increase!

We could bring in wage ratio laws so that the highest earning employee in a company couldn’t earn more than 10 or even 15 times the wage of the lowest earner.

For the largest UK companies, such as those listed in the FTSE 100, the median CEO-to-employee pay ratio in 2020/21 was 67:1, while CEOs earned 93 times more than employees on the lowest levels of pay. This is clearly morally abhorrent as well as making no sense from an economic point of view.

[magpie_mania]

We could bring in wage ratio laws so that the highest earning employee in a company couldn’t earn more than 10 or even 15 times the wage of the lowest earner.

For the largest UK companies, such as those listed in the FTSE 100, the median CEO-to-employee pay ratio in 2020/21 was 67:1, while CEOs earned 93 times more than employees on the lowest levels of pay. This is clearly morally abhorrent as well as making no sense from an economic point of view.

Who is going to tell Premier League players that they can only earn 15 x the pay of, say, someone working in the ticket office?

Totally unworkable!

[BigFatPie]

Who is going to tell Premier League players that they can only earn 15 x the pay of, say, someone working in the ticket office?

Totally unworkable!

If you’re not wiling to support more pay equality because it might upset premier league footballers then you’re probably not as committed to it as you thought!