1.0naked capitalismhttps://www.nakedcapitalism.comYves Smithhttps://www.nakedcapitalism.com/author/yves-smithrich600338<blockquote class="wp-embedded-content" data-secret="uaddpfQuhX"><a href="https://www.nakedcapitalism.com/2011/07/doug-smith-the-maximum-wage.html">Doug Smith: The Maximum Wage</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2011/07/doug-smith-the-maximum-wage.html/embed#?secret=uaddpfQuhX" width="600" height="338" title="“Doug Smith: The Maximum Wage” — naked capitalism" data-secret="uaddpfQuhX" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> By Douglas K. Smith, author of On Value and Values: Thinking Differently About We In An Age Of Me We face severe and growing income inequality with negative effects on people and the economy. Yet, no surprise, the ‘can’t do’ right wing continues a scorched earth campaign against the minimum wage. These self-promoting haters actually prefer no wages and indentured servitude – for example using prisoners to replace employees and cheerfully promoting ‘internships’ for the unemployed. They glory in income inequality and wish it to expand instead of contract. Enough of that. They are destroyers of the American Dream. But people who seek to shrink income inequality -- to insure life, liberty and the pursuit of happiness for all and not just some -- must now focus as much on the maximum wage as the minimum wage. So, be it proposed: “That any enterprise receiving taxpayer funds shall not compensate that enterprise’s highest paid person in an amount greater than twenty-five times what the lowest compensated person receives.”