I firmly believe that not only should we raise the minimum wage, but we should also create a maximum wage. There is no reason in which an orthopedic surgeon, which is the highest paying doctor will make an average of $464,500 a year, while the top 10 CEOs earn well over $33 BILLION a year. If we even so much as cap their earning potential at $1 billion, which is more money than anyone should really need to live a happy fulfilling lifestyle, then it would force them to put that money toward the company or be punished. This means giving their employees better health insurance, giving them more vacations, better wages, paying for their college or their children’s education, creating more jobs, and improving the functionality of their companies. Perhaps even force them to invest in the communities they are serving.
For those of you who are still skeptical… let me put it this way… the highest earning CEO “earned” $156,077,912 in 2014.
Let’s boil this down. There’s about 52 weeks in a year. Let’s say that he works 40 hours a week. So a total of 2,080 hours a year. That’s $75,037 an hour. The median HOUSEHOLD income in the US is $50,502 per year. He’s earning 1.5 times the amount per hour than the average household makes in a year. That disparity is absurd.
To put that even further into perspective, the average NEUROLOGIST earns $219,000 a year according to a 2014 statistic. Every single one of the CEOs on the 100 highest paid CEOs earn at least 93 TIMES the amount that a NEUROLOGIST makes.
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