In those countries, rising productivity is shared with workers and everybody benefits. In the United States, the corporate moguls hog all of the rising productivity for themselves. We need to put a cap on CEO salaries -- but not a hard cap. We should make those salaries no more than a certain ratio above worker wages. That way, if company wants to give their CEOs and other top executives a raise, they would have to raise worker wages to justify it -- and everyone would once again share in the rising productivity (and profits).
In those countries, rising productivity is shared with workers and everybody benefits. In the United States, the corporate moguls hog all of the rising productivity for themselves. We need to put a cap on CEO salaries -- but not a hard cap. We should make those salaries no more than a certain ratio above worker wages. That way, if company wants to give their CEOs and other top executives a raise, they would have to raise worker wages to justify it -- and everyone would once again share in the rising productivity (and profits).