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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (316831)12/24/2006 1:33:52 AM
From: Elroy  Read Replies (2) of 1576160
 
And I've been in situations where I've felt overpaid for my job

So would it have been just and of practical benefit to have the government force you to accept less?

Well, the government already forces well paid people to accept less than their pay via taxes.

I agree letting the market decide wages is generally a good idea, but there are situations where it doesn't work well. If a class of workers are getting paid significantly more than they require to do their job, there is waste in the system. If the excess pay is not all that significant (say 50% more than they require), then it's probably best left alone.

But in the case where athletes are getting $2 million per year and 99% of them would play for $200k per year, it seems there is potential for some good old fashioned cost savings. Again, I don't know the exact process for implementing the wage control, but the opportunity is clearly there.
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