Would a wage cap be beneficial to address inequality?
Yes, in the name of equality
There is currently a massive pay disparity in most societies, with a majority of people struggling on minimum wage jobs while the mega rich are generally getting richer, the gap between rich and poor is ever widening. Maximum pay could be a policy that helps bridge that gap, as studies show that the larger the inequality the more social and health problems a society has, capping wages while raising the minimum wage could be a method to reduce income disparity and the negative consequences it has. Such a cap would only be attributed to the mega rich, only effecting the jobs that are astronomically overpaid, and according to polls conducted by the Sunday Mirror newspaper in 2016, Jeremy Corbyn’s pay cap policy enjoys support across the political spectrum.
vimeo.com/ondemand/gazafights theunboundedspirit.com/income-inequality-health drugsandalcohol.ie/15970/2/iJRF_nequality-income-social-problems-summary.pdf