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Old 25-08-2009, 09:13 AM #1
Taijitu Taijitu is offline
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Join Date: Jun 2007
Posts: 599
Taijitu Taijitu is offline
Senior Member
 
Join Date: Jun 2007
Posts: 599
Default Should there be a maximum wage in the UK?

Although I have a degree in Economics I honestly don't think I know what all the knock-on effects of introducing a maximum wage would be.

What I do feel is that the gap between low earners and high earners can never be addressed when all that happens is those at the top keep increasing their own wages disproportionately.

Edited: If a maximum yearly salary were to be set for those in employment (not those self employed) I honestly feel the country could still be run as I am sure there are enough capable people out there who can and would do the job. Also with the value of money based upon what it can buy those at the top will still have the "best" luxuries.

Argument could be raised that there would be a "brain drain" from the UK into other countries but quite frankly I would say let them go. Whilst these people may be welcomed at first I think, given the current world situation, it would not be long before they are turned away. The directors of companies being the first as in many cases they seem to add little other of value then their reputation.

Allowing the self employed to be exempt from this would encourage entrepreneurs and innovators as there would be a greater incentive to take the riskier route of self employment.

I know full well that this could never be implemented as it would require the support of those in power who would lose out the most but I am interested what people here think.

I haven't put a "cant make up my mind" option as, to be honest, I'm not really interested in seeing that on the poll but it would be very interesting to see posts detailing what you feel and why.

I hope you also find this topic of interest as well.

Edit: I am not going to be on today but if anyone feels they want to post questions before voting then maybe we can all debate them. Though from the looks so far nobody seems bothered either way.
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