Since the congress voted against raising the minimum wage why don't they put a maximum wage on CEO salaries

Answer 1

Thats easy:
(i) Our system is successful because it is a dog eat dog society; if you happen to be the top dog, good. If you are an underdog, what are you doing in america? You should be in a..
(ii) Minimum wage earners (includes illegal immigrants, some poor unfortunate souls, single mothers, some african americans, international students lured by the "american dream" trying to pay $20K tuition on minimum wage, etc) do not have money to appoint someone on K Street to lobby for them
(iii) Compassionate conservatism does not include easing the burden on the poor.

Sorry i diverged, but you get the picture.

Answer 2

What possible good would that do? Then the best administrators and managers would go elsewhere, or at the very least, people who might become the best would train for other fields.

The law of supply and demand rules the employment and executive fields just like everything else. If you put artificial caps on the top, you force the people who need those top skills to find other ways. You can only do so much with juicier benefits packages, and then it's things like cars and private jets and perks like that which would have to make up the difference.

The top managers and executives of corporations need to be free to pursue their own interests, usually by having enough stock in the company that it is in their interest to have the company succeed.

Money is a cleaner motivator than power games and perks, especially if the perks start to include things like undue levels of control over other people's lives. A chauffeur who is on call 24/7, or a secretary who is, or a masseuse . . . you get the idea. There's the old Dachau by the Black Sea mentality.

Answer 3

here in Arizona the final hourly pay for an unlawful is approximately $7. to $10...that's for an afternoon exertions worker,that's paid in funds..Ive by no potential heard of everybody paying $ 3 an hour.Many are employed with the aid of the job and not with the aid of the hour. it extremely is what our newspaper says .And Ive heard human beings say the comparable element. I Ten years in the past they did enhance the minimum salary In 1997 it replace into raised to $ 5.25

Answer 4

Because that would have no effect on people who earn the minimum wage.

Answer 5

That would be a great idea (who needs two Lear jets??) but I don't think they can since CEO's companies are private.

Answer 6

So you want to limit how much money someone can make.

Let freedom ring.
"Give me maximum salary limits, or give me death."
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Answer 7

Maybe because those are privately owned. Just a guess. ;)