Newsgroups: talk.politics.misc
Subject: Re: Maximum Wage Sux
From: 9051467f@levels.unisa.edu.au (The Eidolon)
Date: 5 Nov 92 22:37:15 +1030
 <1992Oct31.085155.1854@u.washington.edu> <16891BE8B.PA146008@utkvm1.utk.edu> <1992Nov1.020020.20453@u.washington.edu>
Organization: That damn kid is still here!

In article <1992Nov1.020020.20453@u.washington.edu>,
tzs@stein.u.washington.edu (Tim Smith) writes:
> PA146008@utkvm1.utk.edu (David Veal) writes:
>>>If they have a maximum wage, they are simply going to work less each year.
>>>Do you really think it would be a good idea to have a system that in
>>>effect tells the most productive people to *stop* working?
>>
>>     I believe the effect he'd be looking for would be not to limit the
>>hours they could work, but forcibly lower their hourly wage, therefore
>>getting the same amount of work out of them for less money.
> 
> I think the result would be that they would switch from hourly contracts
> to fixed bid contracts.  Instead of saying "I'll save your ass three weeks
> before Comdex for $80/hr" they'll instead say "I'll save your ass for
> $20K".  To get his effect, he's going to have to make it a cap on yearly
> income, which would make the most productive people work less.
> 
> Actually, I think he even admitted that (perhaps it was in another
> posting on the same topic).  He said that it should be done by making
> the marginal tax rate 100% for income about 80K, which seems to indicate
> they were thinking of it as being an income cap rather than an hourly
> rate cap.

It woould still result in greatly reducing productivity.

How is this stupid scheme going to cope with people who have two
different consulting jobs; each gets less than the $80k cut off
(say $65k a peice) but their sum is more than $80k. The jerks would
have to either limit one job per person (which would be a bummer
to people with two part time jobs), limit total weekly hours
(remember that alot of execs put in more than 60hours a week, so
that would create problems) or totally cap off the extra money, which
as you have said will result in them saying to themselves 'why do
work that now get's me an extra $15k when it use to get me $80k?'.

The top executives get so much becasue there's less of them around,
simple supply and demand. More people should be trying to get these
jobs and not being content with lever pulling (' Son yer don't need
no fancy eddikashin ' - yes I know the education budget cuts are
absolutely inexcusable).

In short, the maximum wage theory is a pile of crap and should be
left to the market. If they want exec salaries to come down and
blue collars to get more then lets have less blue collar workers
and more executives. Simple, but for those stupid budget cuts....

(me: capitalist ; yes : conservative ; NO #$%!^& WAY!)
-- 
John J McVey, Whyalla, Uni S. Australia    9051467f@levels.unisa.edu.au
Electronic Engineering student & Terror Tekkie!
Any email can be posted unless I state explicitly otherwise.
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