If the republicans like the minimum wage so much they vote against raising it why not impose a maximum wage?

Question

Can CEO of oil companies live on a couple of million a year??

http://www.alternet.org/blogs/video/37990/

Answer 1

Personally, I think the Republicans who voted against the minimum wage should be forced to live on it for a few months and then see if they want to change their vote.

Yes, CEO's should have a salary cap and not be given a "golden parachute" when they exit the company. It would help the airline industry too.

Answer 2

So what would the incentive be to take on all the stress and complications of having such a job.

Really, a minimum wage job is an entry level job in most cases. They are not jobs meant for people actually live on. I had to work two of those jobs just to pay my way through school (min wage was around $3.)

If that be the case than min wage would have to raise to $13 an hour. Which would raise labor costs 300%, assuming that labor consists of 20% of variable costs end products in a one step product sale would raise by how much?
Now let's look at inflation, you'll see interest rates around 13% for homes and 26% for cars...add that to the increased price of the goods and you my friend have just given up your lifestyle, the lifestyle of EVERY middle-class working American so that a kid washing dishes can make more money for beer. Or someone who dropped out of high school cuz they are way too cool... can now fix their 1982 Trans AM.
Besides, do you know what the minimum wage for an oil company is? You, with NO experience and NO education, can make 50K per year.
Maybe you should learn about economics before you comment on them.

Answer 3

i am for a graduated tax system like we use to have with a 91% rate for some people .this was the time of the working man and propety ownership and savings as that changed so did america and if you think you can support you childrens childrens kids on what you made you are wrong inflation has eaten up all the gaines working americans made during this great time because rich people would rather pay workers then give it to uncle sam if they have no way of getting it back like tax credits susidies and other laws passed in those tough times for millionaires and now today so many billiomaires i am not jelous i feel it is theft of the working mans labores is all and i do not mind the work thankyou for asking .

Answer 4

Well, that would be counter productive to the American dream with its capitalism and all and free market system. But do wonder how some CEO's sleep at night.

Answer 5

are you kidding????????????????? because gas wouldn't need to be at three dollars a gallon!!!!! Bushy and Co. wouldn't get their money from big oil...