[A. Pole]

The cure for outsourcing is simple. Congress should pass a law saying that no CEO of any US company can make more than 15 times the average wage of his employees. It certainly would be a cut for the CEO if the average wage of his company's employees was 5,000 a year, as it is in India.

This proposition is brilliant!

[Texas_Dawg]

The cure for outsourcing is simple. Congress should pass a law saying that no CEO of any US company can make more than 15 times the average wage of his employees. It certainly would be a cut for the CEO if the average wage of his company's employees was 5,000 a year, as it is in India.

This proposition is brilliant!

Sweet. FReepers supporting salary caps now. Hey, who's up for some Communism?

[Poohbah]

The cure for outsourcing is simple. Congress should pass a law saying that no CEO of any US company can make more than 15 times the average wage of his employees. It certainly would be a cut for the CEO if the average wage of his company's employees was 5,000 a year, as it is in India.

This proposition is brilliant!

Actually, it isn't, unless you're a doctrinaire Marxist-Leninist commie prevert.

Please remove me from your ping list. If I wanted to be pinged to communist preversions, I'd register on DU.

[Redcloak]

Brilliantly socialist.

[Cacophonous]

I don't think restrictions on salaries are the answer; in fact it is a profoundly bad idea.

The best thing is tariffs in concert with rolling back the taxes and regulations, and some way to ease up the influence of the unions. And imposing extra taxes on all overseas income.

[Malsua]

>>The cure for outsourcing is simple. Congress should pass a law saying that no CEO of any US company can make more than 15 times the average wage of his employees. It certainly would be a cut for the CEO if the average wage of his company's employees was 5,000 a year, as it is in India.

This proposition is brilliant!
<<

No, not really. Very few CEOs make wages 15x times more than average. Total compensation packages...sure...wages, no. They'd figure a way to make many benifits into costs. Car allowances, gas allowances, food, company credit cards, etc.

I'm all for people getting paid as much as they can get from any company, including CEOs. There are better solutions.

How about 100% parity tit for tat with any country. If that were enacted, this offshoring to China and elsewhere would end almost immediately or the PRC would drop the tariffs and non-tariff barriers if they wanted to play ball.

Either way we wouldn't see the "Free Trade Highway" that currently only has one highspeed fastlane INTO the USA.
That outbound lane currently is a dirt road with K-rails every 1/4 mile and more token booths than the Garden State Parkway.

[DoughtyOne]

Better yet, make it ten times. CEOs and their other board members don't have to make $100 million a year salaries and get golden parachute settlements that grant them more than the average worker gets in a lifetime, in one fell swoop.

If the average employee makes $35k per year, they'd get $350,000 per hear. If they can't live on that, let them go teach somewhere. LOL

[hedgetrimmer]

Maybe Congress or the people should be the ones granting corporations their charter, like they used to do 280 years ago. Maybe then we will get more responsibility to the country of origin.

[optimistically_conservative]

The cure for outsourcing is simple. Congress should pass a law saying that no CEO of any US company can make more than 15 times the average wage of his employees. It certainly would be a cut for the CEO if the average wage of his company's employees was 5,000 a year, as it is in India.

Let's Do IT!!!!!!

[LibertyAndJusticeForAll]

"Moves afoot to curb CEO salaries"
http://www.csmonitor.com/2003/0708/p02s02-usec.html

"A survey by The Corporate Library last winter found that CEOs get paid an average of $16.5 million to leave. And while the CEO pay fell at the largest US companies, median compensation, including smaller-company CEOs, actually rose by 5.9 percent. The average CEO received 282 times the average worker's pay of $26,267 last year. In 2000, the ratio was 531 times the average pay, and in 1980, 42 times."

[Tauzero]

Not really.

[jern]

Why should I limit what I make to what my employees make? That is the most moronic thing I have ever heard.

[Bloody Sam Roberts]

The cure for outsourcing is simple. Congress should pass a law saying that no CEO of any US company can make more than 15 times the average wage of his employees.

Include bonuses and that works for me. Write it up and I'll sign it.     =;^)

[Dilbert56]

Yes. Then Congress would tell companies what prodcuts to make, how many of each to produce, the maximum to charge for their products, how many employees to hire by ethnicity, gender, etc. We could roll all these mandates up into a seven year plan and redo it every two years.

[Jhoffa_]

I am not sure I support wage controls for CEO's.

However, something is going to come to pass very soon in this department. Be it good or bad, I am just hearing too much about unemployed Americans and jobs going overseas.

You know, Iraq is great... I am 100% in agreement with our mission there. Osama & the tallybastards too, they got what they deserved.. That's all fine and good.

But people can't eat that, or spend it and I think the next election will turn on kitchen table issues like jobs, the economy and other domestic concerns.

I believe the general consensus will be: "Yes, Saddam was a bad guy.. But that was yesterday. Today, the mortgage is due and little billy needs braces. George Bush doesn't care if my job went to China or India, and I want change.."

All the spin, all the hype, all the media coverage in the world will not pay the rent or send a kid to college. Americans need jobs and financial security every bit as much as much as they need homeland security and protection from despots like Saddam and his fruitcake pals.

[1stFreedom]

Won't work.

There is always some hungry person willing to take fifteen times the average wage of a worker. Some barber making 20k a year could easily take a job making 65.

[RussianConservative]

No not good for government to tell company what to pay. Market does that. Government can use tariff to slam any product not made in country or better made in specific country. That way you only control trade with those who not good trade with.

[Dr Warmoose]

The cure for outsourcing is simple. Congress should pass a law saying that no CEO of any US company can make more than 15 times the average wage of his employees. It certainly would be a cut for the CEO if the average wage of his company's employees was 5,000 a year, as it is in India.
This proposition is brilliant!

No the idea is profoundly stupid. The government has absolutely no right dictating salaries. Besides, what is considered, "make"? Is that salary? Is that stock options? Is that bonus? Is that in perqs? What is the value of the country club membership that the CEO uses to entertain business prospects? What is the punishment for success going to be?

In the time it took me to read that post, I already came up with several ways around it. The most obvious is to subcontract the outsourcing so that those things outsourced are handled as a separate company. This is how most building contractors get around I-9 and other immigration law. They simply subcontract work to an "agency" who provides the skill and talent to do the labor.

Hasn't everyone heard of Administaff? This is the company that "hires" the people you select, and they turn around and contract them to you. There are plenty of CEO's who has no one working for them, but they still lord over hundreds of people.

[Destructor]

"The cure for outsourcing is simple. Congress should pass a law saying that no CEO of any US company can make more than 15 times the average wage of his employees. It certainly would be a cut for the CEO if the average wage of his company's employees was 5,000 a year, as it is in India."

"This proposition is brilliant!"

No it isn't! This smacks of Communism! We do not want to open the door for government run businesses!! If we do, then we'll end up like the Europeans- completely screwed up!!!

[waterstraat]

The cure for outsourcing is simple. Congress should pass a law saying that no CEO of any US company can make more than 15 times the average wage of his employees. It certainly would be a cut for the CEO if the average wage of his company's employees was 5,000 a year, as it is in India.

That sounds good to me, and it would save us from the type of people who were in charge of kmart, enron, global crossing, etc.

[DannyTN]

"This proposition is brilliant! "

No I think it could worsen the situation. Many times the companies really are outsourcing to foreign firms as opposed to simply relocating their own operations elsewhere.

This proposal could cause CEO's to want to outsource their lowest paid employees as a way of raising their average wage. And if they are going to outsource the jobs anyway, why not go foreign.