Montag, 24. Mai 2010
Minimum wage / Mindestlohn / Salário mínimo
In a recent posting (Fighting Zipf) I had tried to point out that inequality and strongly skewed distributions represent one of the major problems of society.

In Germany there is some discussion going on about minimum wage. But the current government does not understand the idea. They try to implement various minimum wages for different sectors - avoiding a global minimum wage.

I would like to suggest to couple the minimum wage of a company to its maximum wage. Such as that the minimum wage an employee can earn in a company is by a factor 2 (or maybe 10) smaller than that of the employee with the maximum wage. Maybe this could be a compromise. Alternativerly this could be implemented on country scale or even larger.

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