Economics‎ > ‎Choice‎ > ‎Price controls‎ > ‎

Pay


What is Pay?

This page is a work in progress, a placeholder to discuss the aspects of government control of pay.
The page below this on minimum wage is quite developed.
Note that in private sector pay, it is immoral that someone should interfere. If someone wants to pay too much or too little, that's an issue for the owner(s) of the business and the employee.
On the issue of executive pay, if people argue that it is too much and it hurts the company by overpaying the CEOs then , the company has the responsibility or opportunity to reduce it. No-one else should not get involved where no criminal act has taken place.

Definition:  

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Wider definition

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Types

  • Minimum wage
  • Living wage
  • Executive pay
  • Gig economy pay
  • Public sector pay
  • Universal basic income(UBI) or Minimum income.
Just on the UBI, it is important to note, that there should be no exceptions to this. Otherwise its not universal. Universal = Universal.
If people see that one change can be made, they will just keep voting for exceptions and raises until it is unsustainable.
The rate cannot be set by politicians, as voters have a conflict of interest.

Other attributes

Discrete or continuous
Qualitative or quantitative

What’s wrong with xxxx?

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Arguments against xxxx

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xxxx can have positive externalities

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Causality

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Expectations

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Source of income and jobs

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Censorship is futile

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Collateral damage

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Banning across borders

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    Consistency

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    Comparisons

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    Motives

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    Teenagers attitudes to xxxx

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    Feminist attitude to xxxx


    Producer level censoring

    Parent or self censoring

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    Education

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    Alternatives

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    What next

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    Reference

    Sources

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    Links

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    Comments