Why Aren't We Having a Middle Class Revolt?

[MrPots]

Originally Posted by JCricket

Just a thought, and obviously it would likely never happen.
What if legislation was passed that tied the top salary earner in a corporation to the bottom salary earner.

To clarify, what if the top paid ceo or salary earner at walmart could only make 100x what the very bottom earner made. So, we have a person who makes maybe $8k a year, and the CEO could only make $800k? I think our middle class would come back. It would behoove the CEO's to pay their employees better. Just a crazy thought I had. I'd bett the Ceo would try to get the bottom paid earners up to 100k. I also bet there would not be a walmart employee making less than $25k a year after this happened.

Agreed. Lowering and eliminating business taxes took away the incentive, and let's face it, corporate CEO's and company owners don't seem to feel like they have any moral obligation to their workers any more. IE: the pay as low as they can get away with regardless of impact.

[BlueStreak]

Originally Posted by MrPots

Agreed. Lowering and eliminating business taxes took away the incentive, and let's face it, corporate CEO's and company owners don't seem to feel like they have any moral obligation to their workers any more. IE: the pay as low as they can get away with regardless of impact.

I'm watching this change take place right before my eyes. The new tactic is to lower starting salaries, because that's the easiest way to make a cut, then start running more senior employees off the job, where ever they can. Reduced wages through attrition, basically.

Dave