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Maybe a 10 fold is a little optimistic, but I’m pretty sure they won't be coming down. And since CEO currently get such obscenely high wages, even a small annu
by jussij 11y ago
Maybe a 10 fold is a little optimistic, but I’m pretty sure they won't be coming down.
And since CEO currently get such obscenely high wages, even a small annual increase amounts to hundreds of thousands of dollars.
As to whether the TTP having no effect on the USA wage system, that may well be true, since the US wage system is already so inequitable.
However, it will effect counties like Australia that sign up to the TPP.
Our wage system still has a level of fairness built into it, but the TPP will bring in those same US wage market forces and apply downward pressure to out minimum wage.
Here in Australia, we already have a government itching to cut into the minimum wage and cut away at the social welfare system.
With the TPP those changes are made easier as US market forces will be doing all that dirty work.Maybe not 10 fold is a little optomistic even, but I am pretty sure the will still rise from their currently obseen levels