MoneySaving Poll: Should the UK impose a maximum cap on salaries?

Former_MSE_Sam_M

Poll started 10 January 2017

Should the UK impose a maximum cap on salaries?

Jeremy Corbyn said he’s in favour of a cap on salaries to address income inequality in the UK, though since we started this poll he's clarified that he's more concerned about the pay ratios between high and low earners.

Are you in favour of a salary cap?

Click here to vote in the poll

Did you vote? Are you surprised at the results so far? Have your say below. To see the results from last time, click here.

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Thanks!


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POPPYOSCAR

I never used to be but not so sure now.

There is something obscene where one person can receive millions each year for 'entertainment' and yet someone who puts their life on the line/saves lives earns very little.

Where are our priorities in life?

retired2

I don't think there should be a cap on salaries. Bringing salaries down will not put the lowest salaries up. It's more important to ensure that high earners pay appropriate tax which will benefit the country.

heth

Should be based on a multiple of the hourly rate of the lowest paid employee in the organisation!

paultomlinson

everybody is against bankers getting huge salaries, but what about footballers, celebrities and other sports people like Andy Murray? we have the power to stop the ridiculous salaries they get by refusing to subscribe to sky sports, pay stupid entrance fees and buy merchandise

Kim_13

I think that's the only thing Corbyn's said that I actually agree with!

Wizard_of_Id

No – it’s unworkable, the rich will find ways around it, just look at the joke they make of the tax laws in this country, there is also a case for saying that it doesn’t work in a global world, the big earners don't just make their money in one place and they certainly don't keep their money in the country they work in.

mjm3346

Providing the goods or services are not "essential" then wages should be down to "market forces". People are not forced to watch football, go to the cinema, eat in restaurants, buy apple products etc.

Wizard_of_Id

paultomlinson wrote: »

everybody is against bankers getting huge salaries, but what about footballers, celebrities and other sports people like Andy Murray? we have the power to stop the ridiculous salaries they get by refusing to subscribe to sky sports, pay stupid entrance fees and buy merchandise

Sports people should just get paid the average wage then get win bonuses after that rather than get millions for just turning up, that way the incentive would be there to do well in their chosen sport.

ashleyriot

The CEO's salary should be a maximum of x multiple of the lowest worker's salary.

That way, if the CEO receives a pay rise then so should those at the bottom.

TravellingJake

I don't support the idea of a salary cap, it has no place in a capitalist society. Higher salaries are aspirational and encourage people to develop themselves and the companies they work for.

However, I do think that there should be a link between the salary at the top of the company and at the bottom. If the CEO wants to pay themselves millions, that's fine, as long as the lowest earner is also getting their share of the wealth of the company.

The difficulty is the multiplier. If you've got an admin or cleaner on £16k and only allow the CEO to earn 20 times their salary, £320k may be a very low salary for the size of company when compared globally. Ratios get harder the bigger the company, so maybe linking it to the number of employees would work?