deja
I just wrote a long post in reply to you and I think the site crashed. Grrr.
I think there will always be a philosophical debate to be had over the value of your labour vs the value of a company, and which should have the bigger baring on pay.
For me, I think there is a moral obligation on companies to pay a living wage to all employees, but beyond that, there should be a direct link between the value of your own labour to the company and your renumeration. By that, I mean that if your boss's boss's boss is travelling lots, working weekends to win a new contract and missing out on time with the family to do so, they should be financially rewarded for it by receiving a share of the money that brings in for the company. Some companies have a commission structure, others a bonus scheme, others you thrash it out with the boss come review day.
I don't see a direct correlation with that, and the person who does their 9-5 job with no risk or responsibility. Even companies with profit sharing structures, like John Lewis, don't raise the salaries of the very lowest paid in line with the top executives.
Obviously there are issues with having salaries in the private sector which are hugely out of step with the public sector, and while the public sector is the biggest employer, that should not and will not happen.
Another factor, which is again down to philosophical debate, is who the company should be 'working' for. For public companies (PLCs), they are legally bound to serve the interests of their shareholders. That means that if a PLC was found to be paying £70k for a cleaner, which is probably treble the market average, they would be in breach of that duty to their shareholders, as it is technically the shareholders money. This is why big companies have 'Renumeration Committees' which benchmark the pay of senior people against other national and international companies (i.e. how much would it cost of replace them with someone of the same standard), and the directors salaries are put to the vote at the AGM every year.
Fundamentally, there will always be people who are happy living in a modest house, going camping and drinking Aldi wine who just cannot comprehend the concept of working a 70 hour week just to get material trappings. And because they can't comprehend it, they struggle to see why anyone would and therefore should. There is no house so big or car so fast that they would give up their free time to work more to earn more.
Then you have people who aspire to a house with a bigger kitchen, and go weak at the knees at the thought of driving an Aston Martin, and love the idea of going on holidays to the Maldives, and like to have a personal trainer to work off all the expensive champagne they drink. They are happy to work extra hours, and put their weekends into projects in the hope they get financially rewarded for it. They derive more pleasure from chasing the win than they get from a lazy Sunday at home.
The world needs both of these people. Without the latter, most of the companies we know wouldn't exist today. Without the former, low paid jobs probably wouldn't get done.
It has been the case forever, and in societies where they have tried to stop one of the mindsets, it always failed - there was a thriving black market in every communist country ever, and in countries with free university education where people turn it down in favour of taking low or unskilled jobs for life.
But it is beyond ridiculous to say we can artificially fix salaries with an arbitrary cap in order to fix society. To say 'no one can have it unless everything can have it' doesn't help those at the bottom of the ladder. It just means those at the top pay less tax, and that makes everyone worse off