Anytime the Wall Street Journal or Fox News discusses actions by workers to go on strike in order to earn more than the high salary of $7.25 an hour the argument is raised -raise pay and fewer workers will be hired because higher pay results in less money for the corporation. Fair enough argument. However, there is another way to reduce cost. Why not cap CEO pay in order to aid the corporation to reduce its costs? OK, so a CEO would have to struggle along with the incredibly low pay of $25,000,000 instead of the $100,000,000 they deserve. We all have to sacrifice for the good of the company and our stockholders. Just consider that the lower pay is an example of the CEO taking one for the company. I understand that Wal-Mart provides “coaching” for workers upset at the allegedly low pay. Perhaps, it is time to provide “coaching” for CEOs experiencing the trauma of only making $25,000,000 per year.
I await massive walk outs among American CEOs in protest against their low wages. I guess they would finally have something in common with folks making $7.50 an hour!