Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Switzerland Shows U.S. How to Handle CEOs

Switzerland Shows U.S. How to Handle CEOs

by David Swanson
November 21, 2013

http://warisacrime.org/content/switzerland-shows-us-how-handle-ceos

In Switzerland a petition from 100,000 people, or about 1.25% of the population, creates a public referendum. By this means, last March, Swiss voters created strict limits on executive pay.

On November 24, the Swiss will vote on whether to take a further step -- limiting executive pay to no more than 12 times the lowest salary in the company. Such a maximum wage policy allows the CEO pay increases, but only if workers get at least a twelfth as much.

A movement in the U.S. is asking: If Switzerland can do it, why can't we?

The Swiss are also set to vote, on a date yet to be set, to create a guaranteed basic income of $2,800 (2,500 Swiss francs) per month for every adult. That's about $16 per hour for a full-time worker, but it's guaranteed even for those who can't find work.

You know what country can afford such a measure even more easily, given its vast supplies of wealth? The United States of America.

Here in the United States, had the minimum wage kept pace with productivity since the 1960s it would now be $21.72 an hour, or $3,722 a month. The Congressional proposal of $10.10 an hour, which President Obama now says he supports, equals $1,751 a month for a fulltime job. The actual U.S. minimum wage of $7.25, which does not apply to all workers, makes $1,242 a month. But only if you can find work.

That's less than half what the Swiss are voting on, and Swiss workers also have their healthcare paid for, public transportation widely available, quality education and higher education free or affordable, 14 weeks paid parental leave, and a nearly endless list of other advantages provided by the government.

A basic income guarantee, currently practiced in Alaska and once supported by President Richard Nixon and the U.S. House of Representatives, would be far more efficient than targeted support programs, because every individual would receive the exact same check, with no stigma attached to it; and, yes -- believe it or not -- people who could find work would still work.

Switzerland has a greater percentage of its population made up by immigrants than the United States does. Switzerland has four national languages. What allows Switzerland to practice democracy so much more effectively?

Two major parts of the answer are obvious. Switzerland doesn't fight wars, and it doesn't redistribute its wealth upward creating an overclass of multibillionaires.

Perhaps its time to begin moving our own country in a peaceful, prosperous direction. A growing number of people have decided to try.

*************

David Swanson's new book is War No More: The Case for Abolition. He blogs at http://davidswanson.org and http://warisacrime.org and works for http://rootsaction.org. He hosts Talk Nation Radio. Follow him on Twitter: @davidcnswanson and Facebook.

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Stuart Littlewood: What More Horrors Are In Store For Gaza?

I wonder what Hamas and Israeli leaders are thinking as they survey the devastation in Gaza and review the death-toll and casualty figures? Or course, neither has to live among the ruins and clamber over the devastation. More>>

ALSO:

Michael Hammerschlag: The Battle For Lysychansk; Ukr On The Move

I reached my friend Andre Samobarona (self-defense militia from Maidan) at the front Sunday- where I didn't know he was till last call 5-6 days ago, “I'm in a battle- can't talk”. He was out of touch till today, when he was on R+R from the National ... More>>

Shobha Shukla: Prevention Technologies For HIV And STIs At AIDS 2014

Women of reproductive age have a need for prevention of sexually transmitted infections (STIs) including HIV, and family planning methods. More importantly, women need prevention tools/methods that are under their control and do not leave them at the mercy of ... More>>

Gary G. Kohls: The Hiroshima Myth And The Glorification Of American Militarism

This coming Wednesday, August 6, 2014, is the 69th anniversary of the bombing of Hiroshima, the whole truth of which has been heavily censored and mythologized ever since war-weary Americans celebrated V-J Day on August 15. More>>

Ramzy Baroud: Gaza’s Resistance Will Not Be Crushed

On the 13th day of Israel’s so-called Operation Protective Edge, stories of entire families collectively pulverized, women and children keenly targeted by Israeli soldiers saturate the media. Until now, 430 Palestinians have been killed, mostly women and ... More>>

ALSO:

Ian Anderson: Rearranging The Deck Chairs On The Titanic? The Labour Party And MANA

Early in July this year, Labour Party leader David Cunliffe made headlines by apologising for being a man. Stoked by capitalist media sensation, Prime Minister John Key responded that “not all men” abuse women. More>>

Shobha Shukla: Break The Silos: Drug Use, HIV, HCV, TB, Laws And Funding

Viet Nam is one of the countries in the world that has made remarkable progress over the last decade in not only making harm reduction and HIV services available and accessible for people who use drugs but also reforming laws for supportive health ... More>>

ALSO:

Fiona Gordon: Illegal Wildlife Trading: The Global Response

At the closing session of the inaugural United Nations Environment Assembly (UNEA) in Nairobi last month, United Nations Secretary General Ban Ki-moon said, “We need to act decisively to change humanity’s relationship with our planet.” More>>

Get More From Scoop

 
 
TEDxAuckland
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news