*** OFFICIAL BREXIT SUNLIT UPLANDS and #MEGA THREAD ***

[MadMojoMonkey]

Why a minimum wage and not a maximum wage?

If you're trying to solve wealth disparity, then why only cap one end of the line?

Expressing bias in favor of wealth disparity, IMO.

[OngBonga]

Why a minimum wage and not a maximum wage?

I'm not sure this can work. People should be able to earn whatever they can based on their economic value. If someone is brilliant enough at their job to earn their employer a large amount of money, for example a professional footballer, why should they not be able to negotiate a salary that reflects their economic value?

[boost]

I'm not sure this can work. People should be able to earn whatever they can based on their economic value. If someone is brilliant enough at their job to earn their employer a large amount of money, for example a professional footballer, why should they not be able to negotiate a salary that reflects their economic value?

The problem is that we can intuitively know that a single person cannot produce value equivalent to millennia of an above average wage. Yet we know there are people who earn as if they do.

You have to ask yourself, are the axioms that support your statement really self evident? These axioms which support single individuals amassing 12 and, without course correction, 13 figure stockpiles of wealth while countless people can only hope to earn in the 6 figures?

Elon Musk, while clearly very talented in many different fields, is simply not, individually, providing a multiple of tens of thousands of the value to society that you or I are. Despite all his talents, his wealth can best be explained as being positioned atop a large economic structure of which he is able to skim from.

Even if we granted that our intuitions were wrong, that he, individually, is in fact producing exponentially more value than you or I, there's still a very compelling argument that such disparities in compensation are simply bad for society and even bad for Elon Musk.

[Poopadoop]

Why a minimum wage and not a maximum wage?

If you're trying to solve wealth disparity, then why only cap one end of the line?

Expressing bias in favor of wealth disparity, IMO.

You can do both. I'm more concerned about getting people out of poverty than I am out of keeping people from getting too rich. But yeah, one definitely feeds into the other.