Switzerland's Proposed New Law To Link Executives' Pay With Their Lowest Paid Workers Could Lead To A Banking Exodus
Morons will soon find out that companies will be hesitant to hire anyone for low pay, opting for contract services to manage those tasks instead.
so they’ll get bigger bonuses. or’signing benefits. or retirement packages. govt has no business dictating what you or anyone else can earn.
Okay so the executive has no incentive to get more business will mean the lower paid workers will be out of a job. No business no work.
Isn’t Switzerland also the county that issues traffic ticket fines based on income and how much you can afford to pay?
Or am I thinking of another socialist country?
There’s a reason some people earn more than others.
I had a job once where my output was 17 times what some of my lower skilled peers’ (identical product). Why should I not get 15 times what they do? (I only got 2.5 times). That is unfair...to me.
Simple solution to continue attracting top executive talent in our global economy...move your company from Switzerland to another country.
Forced equality never works, but socialists will continue to push failed policies onto us.
I knew a salesman for Modcomp, a Miami company. The salesman was earning more in commissions than the president made in pay. So, the president fired him. You’ve never heard of Modcomp, right? That’s because when the salesman left he went to work for the competition and took all of their business with him. Some people are absolutely worth what they’re paid. You can get anybody to sweep the floors at night.
My my. It’s time to pass the popcorn for this story too. Switzerland has one of the highest costs of living in the world. The people live in very small flats, for the most part,that cost thousands of francs per month.
If the Swiss approve of this, most of them will lose their current standard of living, not improve it.
This is where American liberals are all going to to get away from all these laws. :D
I predict a massive wave of business leaving the country if this passes.
This is communism. Under the soviet union, a doctor made only a few times more than a ticket collector. So why study hard and go through all that a doctor must go through?
This country is heading in the same direction.
$4,400 a month are the low-paid workers?
Oh such harsh problems they have
Oregon has the same idea coming to a ballot measure. Poll results on Lars Larson show indicate Oregon is 33% communist.
Along with socialized medicine, this has been one of the top three or four “fairness” issues pushed by progressives.
Then the most valuable execs will not join Swiss based corporations, which will prove to be a drain on the revenues of the cantons.
It will pass, and become all the rage here within a couple of years.
This is not yet a law its a referendum to be voted on I guess this Sunday (24th). BI is a lefty rag they’re using lefty sources to push it and no opposing view. Might not pass .
The ubiquitous Marxists are even taking over Switzerland.
It’s a strange world and getting stranger by the day.
Ending wealth inequality is something leftists love to whine about. North Korea is a perfect example of wealth equality. When pointing this out to leftists they are silent.