I think the problem with a maximum wage is that no one gets rich on wages. They get rich on inside stock market tips, buybacks, perks. . . . at one point, the expense allowance of the president of the College Board was larger than my salary. Who needs wages when someone else is paying for your expenses?
It is most assuredly time to raise minimum wage, and we oiught to enacta a maximum waged while we are at it as reducing inequaltiy is the only way to move the RI economy forward in an age of climate disasters.
I think the problem with a maximum wage is that no one gets rich on wages. They get rich on inside stock market tips, buybacks, perks. . . . at one point, the expense allowance of the president of the College Board was larger than my salary. Who needs wages when someone else is paying for your expenses?
It is most assuredly time to raise minimum wage, and we oiught to enacta a maximum waged while we are at it as reducing inequaltiy is the only way to move the RI economy forward in an age of climate disasters.
How could anyone survive if they were earning $20 ph NOW never mind in five years. Seriously.