Instead of looking at the minimum wage, why not put ceilings on the maximum wage. This is part of an economic program that would bring rationality and justice to the economic life of the world.
by Roar Bjonnes
There’s been a lively debate about instituting a living wage in my hometown lately. Why? Because the rich day-traders are moving in and the low wage earners are moving out. But, do you really know why we have all these arguments about raising the minimum wage? Do you know why so much ink has been wasted on instituting a living wage? Because nobody has the guts to call a dollar a dollar and take the time to discuss the real cause of disparity in our land of gluttonous plenty.
As you know, all the money for those starving entry-level workers just keeps floating by them. It floats down—no, up—the capitalist river. Actually, the money keeps flooding all the way to the top of the money mountain. Up there in capitalism’s corporate heaven, up there where there’s plenty of dough to go around for all of us. Plenty of bucks for everyone to drive a Toyota Camry and live behind a white picket fence in a 3-bedroom house. Plenty of dollars for the waitress with 3 kids and a husband with 2 jobs to go back to school and get that business degree. Plenty of that crispy, green stuff to clean up the environment, too.
So why isn’t it happening? Why isn’t all that money trickling, or streaming, down to those of us who desperately need it? Is it because of the low minimum wage? Is it because there’s no living wage? Nope. It’s because there’s no maximum wage. That’s right. What we really need is a maximum wage. A nicely designed cap on wealth. A redistribution of all that gold piled up at the end of the corporate rainbow. A reduction in the wealth disparity from around 2000-1 to, oh, maybe 10-1. You heard it. 10-1 max. Then there’ll be a living wage for all of us. Then there’ll be enough money for the small business owners to pay their entry-level employees a decent salary. Simply because the total economic pie—which now is mostly up there in the capitalist sky—will be more equitably shared. Thereby the purchasing capacity of all will increase dramatically. That means Bill Gates giving up all his billions to share it with all the waitresses on the Ashland Plaza and all the salespeople along Main Street and those down in the Railroad District.
While we are at it, what about a living rent? A living mortgage? A friend of mine recently overheard two women saying that a friend’s monthly rent had recently been increased from $700 to nearly $1200. In Palo Alto, California, where I used to live, I heard of a guy recently whose rent went up from $1500 to $3000 per month. That’s not a living rent for someone who makes $45,000 a year. That’s a living hell.
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