General Discussion
In reply to the discussion: With soaring cost of living, San Francisco businesses can't find new low-cost employees [View all]dreamnightwind
(4,775 posts)I'm still sifting through their doc seeing what criteria they used and what the results mean. I checked two areas that I know and was surprised how little difference the results showed so was wondering about te criteria. Anyway it's a great idea and if the methodology is good it's an excellent tool, thanks very much forr providding that link.
Agree that the 1:12 rule or something similar is good, I didn't know about the Swiss but I had heard the Japanese have such a rule, perhaps with a different ratio.
Also a Maximum Wage might be an idea whose time has come. It isn't that simple, of course, a lot of comensation comes in non-salary forms (stock options, bonuses, perks, etc.) but though complex it seems there would be a way to set a ceiling on compensation. To some that might sound "un-American", but seeing how late-stage capitalism has developed, I think it's a good idea. There is a certain level of compesation after which society could reasonably say it's more than enough, and detrimental to society.
I hope Bernie gets behind and articulates ideas like these, if he isn't already doing so. Common-sense socialist tweaks on a runaway capitalist society.