General Discussion

ProSense

(116,464 posts)

49. Federal contractor wages

Thu Jan 30, 2014, 03:50 PM

Jan 2014

were capped in the last budget deal.

Varied views on new contractor-pay cap

By Josh Hicks

Federal worker unions have applauded a new limit on pay for government contractors, but one industry group has warned that the “arbitrary” cap will cause problems for those who do business with federal agencies.

The restriction, which came as part of the new budget deal Congress and President Obama approved last month, reduced the highest level of contractor compensation from its previous annual limit of $952,000 per individual to $487,000 per individual, a drop of nearly 49 percent.

- more -

http://www.washingtonpost.com/blogs/federal-eye/wp/2014/01/03/varied-views-on-new-contractor-pay-cap/

Obama pushes to limit federal spending on corporate executive pay
http://www.democraticunderground.com/10022927167

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Can we talk about a Maximum Wage? [View all] Saviolo Jan 2014 OP

the money for CEO's isn't in wage/salary, it's in 'incentive compensation' that geek tragedy Jan 2014 #1

So you include that as part of their assessed compensation. n/t Chan790 Jan 2014 #5

I guess you could get the IRS applying Black Scholes to the option grants, geek tragedy Jan 2014 #7

what if you work for yourself or say, in the entertainment industry? dionysus Jan 2014 #2

I say it should apply to any publicly held corporation OR privately loudsue Jan 2014 #4

sounds good to me dionysus Jan 2014 #6

Holy shit YES!!! THIS is the conversation we really need to be having!!! loudsue Jan 2014 #3

So what should it be? FrodosPet Jan 2014 #10

Yep. Enforcement is the problem, but the standards nevertheless have to be set. loudsue Jan 2014 #12

Ben and Jerry's set theirs at 10x the lowest paid worker which is the Green Party's proposed adirondacker Jan 2014 #59

That will lead to more temporary jobs Lurker Deluxe Jan 2014 #8

Correct on all points. nt Demo_Chris Jan 2014 #14

Then attach it to a multiple of the median wage for whatever country. Half-Century Man Jan 2014 #16

k Lurker Deluxe Jan 2014 #18

If you incorporate your business Half-Century Man Jan 2014 #25

No more small business then? Lurker Deluxe Jan 2014 #27

What in the hell are you talking about? Half-Century Man Jan 2014 #28

we're talking about taxes Lurker Deluxe Jan 2014 #30

I was responding to your argument on companies cutting jobs to go around the idea in the OP. Half-Century Man Jan 2014 #33

And ... Lurker Deluxe Jan 2014 #31

Do you mean using a "Doing Business As". Half-Century Man Jan 2014 #35

no Lurker Deluxe Jan 2014 #43

Ah yes that is completely true. Half-Century Man Jan 2014 #45

incorporation doesn't protect you Lurker Deluxe Jan 2014 #47

Nothing, because you've pretty well ensured that you will be broke very quickly. Egalitarian Thug Jan 2014 #26

That's why risk is rewarded Lurker Deluxe Jan 2014 #29

As I said, in a sane system one would start a business because they want to do Egalitarian Thug Jan 2014 #34

sane? Lurker Deluxe Jan 2014 #48

Personally I think two things would go the furthest. Eliminate any distinction between incomes. Egalitarian Thug Jan 2014 #51

Or a living wage....no one is talking about a living wage, was popular at one time.....now?? a kennedy Jan 2014 #9

I figure we need a generous minimum wage... hunter Jan 2014 #11

gibberish Lurker Deluxe Jan 2014 #13

A job that can't pay a good living wage isn't worth doing. hunter Jan 2014 #20

explain it to me then Lurker Deluxe Jan 2014 #23

Who is cutting apart your grocery store chickens? hunter Jan 2014 #37

If you have a machine shop you are putting money into, the money for the business is a deduction haele Jan 2014 #41

but that is not what is being said Lurker Deluxe Jan 2014 #46

It's not likely I can sell you anything. But I have zero respect for great wealth. hunter Jan 2014 #55

You can't sell me the multiple of 20 Lurker Deluxe Jan 2014 #56

The "minimum wealth" for both the foolhardy and the not foolhardy could be kept in trust. hunter Jan 2014 #58

it's called progressive taxation. think of the tax rate in the 50's. cali Jan 2014 #15

Scuba's Rule - TBF Jan 2014 #17

Now you're talking! world wide wally Jan 2014 #19

I've been saying we need one for years. redqueen Jan 2014 #21

The problem isn't wages, it's return on capital. lumberjack_jeff Jan 2014 #22

Exactly. Lurker Deluxe Jan 2014 #24

Elimenate the Tax deduction on wages over $1 Million FreakinDJ Jan 2014 #32

So, the proper term we should be working with is "income" not "wages". nt ladjf Jan 2014 #39

Funny. Professional sports leagues like the NFL, NBA, and MLB all have salary caps/luxury taxes Yavin4 Jan 2014 #36

There's always the way we used to do it... JHB Jan 2014 #38

A maximum wage is a very different thing to a maximum wage ratio. Donald Ian Rankin Jan 2014 #40

Maximum wage talk long past due and will never happen fadedrose Jan 2014 #42

I heard Lewis Black (iirc) talk about a maximum wage a few years ago. Lunacee_2013 Jan 2014 #44

Federal contractor wages ProSense Jan 2014 #49

The problem of "no more than a multiple of the lowest" is... JHB Jan 2014 #50

What part of our Constitution would that fall under? upaloopa Jan 2014 #52

Rather than a Maximum Wage that attempts to pin some number on an amorphous concept Egalitarian Thug Jan 2014 #53

Switzerland tried to enact the "multiple" thing. moondust Jan 2014 #54

I think we worry too much about CEO pay Travis_0004 Jan 2014 #57

So Peyton Manning could earn up to 10 times what the beer salesman earns? Nye Bevan Jan 2014 #60