But isn't everything just supply and demand - there is no central 'planning' going on to agree everyone's wages - or calculate the perceived score based on value to society?
I work as a finance director, following study yada yada, - and also do DW office cleaning for her if she is poorly.
DW has many talents, but couldn't do my job at the drop of a hat.
Differentials will need to be maintained, if NMW rises to £10. My employer currently have skilled trades employed on not much more than that.
If our general yard hands get paid £10, then everyone else's shop floor salaries will have to rise.
The chances are at least one post would need to go to balance the books.
Martin Sorrell is an interesting case, but at least these days his board tend to sometimes vote down his proposed wage increase.
Not sure WPP employ that many people on NMW - but haven't looked into it.