Tuesday, 10 January 2017

Corbyn outlines plans to 'cap' boardroom pay

BBC News - Jeremy Corbyn outlines plans to 'cap' boardroom pay http://www.bbc.co.uk/news/uk-politics-38568116?SThisFB

In principle the idea of a wage cap or maximum wage doesn't sound like a bad idea . But wouldn't it be better, rather than having a wage cap, to force organisations to have their minimum wage as a fixed percentage of the highest salary in that company?

e.g. if the minimum wage was say 5% of the maximum then any organisation whose highest paid employee earned £1,000,000 would have to have a minimum wage of £50,000


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