I'm loving the debate forums at the moment so here's another: Should there be a maximum wage as well as a minimum wage?
The reason I believe there should be a maximum wage is because there have been a lot of complaints where I am recently (UK) about the amount public sector workers are paid. Personally, the bottom ranking workers I believe are paid about right. Some private sector workers meanwhile, are paid shockingly low amount for the amount of work they do. But at the top end of the scale, you've got public sector workers on ridiculous amounts of money - it was shown, for example, that the director general of the BBC was paid over £900,000. Now that's stupid money and we shouldn't be paying that with our taxes, but the public sector's excuse was a good one - if you don't compete with the private sector wages (which are astronomically high at top levels) then you can't get the best staff. Without the best staff, people will only be complaining that the public sector is ineffective.
So I would propose a maximum wage was put in place to make the playing field level and attract good workers at high levels to the public sector as well as the private sector. I would set this amount at £250,000 - which I still think is extremely high, but not nearly as much as some people are making!
What do you think?