I vote for a Japan-like rule limiting executive pay to 10x what the lowest paid worker in a company makes, as an effort not only limit executive compensation, but also to boost real wages for everyone else (Japan is 8x....I think). Thus, if someone like myself, who was earning $30,000, and making it work, in the most expensive city in the country, is the lowest paid employee, then the boss-man of the company can only make $300,000 in TOTAL compensation. By total compensation, I mean stock, options, bonuses and whatever other financial maneuverings these people figure out. I don't include benefits. Benefits should be the same across the board and thus cost the same for everyone in the company. Boss man wants a raise, administrative assistant gets a raise, too.
Seriously, a consumption-driven economy like ours cannot survive if people don't make enough money to spend, especially when the credit markets are non-existent, like right now. Once our wages were held stagnant, we started buying on credit. Now there's no more credit. And no one has the savings/money/income to pay what they owe. (Thanks, good friend who pointed this out to me). Thus, clusterfuck to the poorhouse (Thanks, Daily Show).
I know we elected an African-American as President, and I'm proud of that, but America still a disappointment.
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