This week we’ve been asking listeners to suggest ideas on how to fix the economy. So far we’ve talked about raising inflation and boosting housing prices. Today we're talking about capping the total compensation that CEOs earn — including salary, benefits and bonuses — at $5 million. Any additional money would go back to the company, hopefully creating more jobs. Who would step up to do this? Perhaps Warren Buffett, in light of his recent op-ed for The New York Times.
Yesterday we spoke about the growth in low-wage and low-skilled jobs in the U.S. Listeners weighed in, sharing their own experiences with taking jobs for which they're either overqualified or underpaid...or both.
John from New England wrote in to give us this response:
At the present moment I am contemplating a job offer of $37k after negotiating up from $30k. My previous job was $50k. I am grateful for the offer but feel like (at this stage of my career) I should be considering a higher salary rather than a lower one.