Sunday, February 10, 2019

Wage controls

Equal opportunity or equal results. Good arguments can be made both ways. In the Minneapolis area a family can live good earning $100,000 per year. A good range for equal results would be between $100 and $200 thousand per year. On the lower end would be factory workers, tradesmen, professional athletes and entertainers and service workers. On the top end would be teachers, nurses, doctors, elder caretakers and police and firefighters. Corporation salaries would vary by responsibility with the CEO making $200,000. The big problem with this outcome based income is who gets to decide who gets what. The obvious answer is the government and this is called wage and price controls.

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