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

 

Julie Webb-Pullman: Palestinian National Unity Government: The Power Of One

A national unity government. Elections. A new-look PLO. Community reconciliation. Big hopes, even bigger expectations as representatives of the Palestinian Liberation Organisation (PLO) and Hamas came to an agreement in Gaza today to form a national ... More>>

ALSO:

Charles Drace: What Really Happened In Ukraine

I went to Ukraine for dental treatment last year and saved enough on the treatment to pay for several weeks visiting both Western Ukraine and the Russian speaking part. I made friends with people from both parts, or should I say, both 'sides' as Ukraine ... More>>

ALSO:

Vincent L. Guarisco: A Western Shoshone Tragedy Vs Nevada Millionaire Rancher

Wow, I am always puzzled at how lucky some people are as apposed to others. Presently, a lot of media fanfare and armed militia have come to the aid of rancher 'Cliven Bundy.' It seems that they have helped him win the day. Or, so it would seem at least ... More>>

David Swanson: Torture Is Mainstream Now

As Rebecca Gordon notes in her new book, Mainstreaming Torture, polls find greater support in the United States for torture now than when Bush was president. And it's not hard to see why that would be the case. More>>

Uri Avnery: In One Word: Poof!

Poor John Kerry. This week he emitted a sound that was more expressive than pages of diplomatic babble. In his testimony before the Senate Foreign Relations committee he explained how the actions of the Israeli government had torpedoed the “peace ... More>>

Binoy Kampmark: The Poverty Incentive: Making The Poor Carry The Refugee Can

The poorer you are, the more likely you need to shoulder more. This axiomatic rule of social intercourse, engagement and daily living is simple and brutal enough: the poor shall hold, conserve, preserve. More>>

Nureddin Sabir: BBC Misreports John Kerry On Talks Failure

For once, US Secretary of State John Kerry was not mincing his words when he blamed Israel for the breakdown of talks with the Palestinians. But you would not have known this if you were following the story from the BBC News website. More>>

Gordon Campbell: On Narendra Modi, And The Elections In India

On the upside, the gigantic election process that began yesterday in India is the largest exercise in democracy on the planet. Reportedly, a staggering five million people are employed, directly or indirectly, in the election process. The likely outcome is not quite so welcome... More>>

ALSO:

Get More From Scoop

 
 
TEDxAuckland
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news