Tag: State intervention

Maximum Wage Cap: right or wrong?

Mr. Corbyn’s proposition to introduce a maximum wage cap deserves more attention than has attracted so far in the media. The article by Prof. Vittorio Bufacchi (Pay caps are neither economically crazy nor morally wrong, The Irish Times, 12-Jan-2017) is a good step in this direction. Allow me to add some considerations on this topic. The question of establishing a limit for highest earners based on a ratio between their salary and their employees is not a new one; Mr. Corbyn suggests that this ratio should be 20:1, i.e. a boss should not have a salary which is 20 times

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