Introduce mandatory salary capping

[manishsinghon]

Hi guys,

In the wake of the banking crisis of 2008, significant press coverage was given to the large salaries, bonuses and pensions being paid to certain individuals in banking and finance, which were seen as being excessively high in relation to both the social worth of those jobs.

Please share your views..

 

[Himanshi Agarwal]

In professional sports, a salary cap (or wage cap) is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. It exists as a per-player limit or a total limit for the team's roster, or both.

 

[poornima lagadapati]

At present, Cuba has an active maximum wage law, where individuals cannot earn more than 20 U.S. dollars per month.A vote to implement a maximum wage law in Switzerland failed with only a 34.7% vote for approval.

No major economy has a direct earnings limit, though some economies do incorporate the policy of highly progressive tax structures in the form of scaled taxation.