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The case for the
maximum wage –
a universal pay cap
‘It is all wrong to have
millionaires before you
 have ceased to have
           slums.’
Increased inequality brings *
•   Lower educational                           •    Less social trust
    achievement
                                                •    Increased obesity
•   Shorter life
                                                •    More mental illness –
    expectancies
                                                     incl. drug & alcohol
•   Increased infant                                 addiction
    deaths
                                                •    Reduced social
•   More murders                                     mobility
•   Increased                                   •    Reduced
    imprisonment                                     environmental
•   More teen births                                 concern
      * Wilkinson and Pickett, The Spirit Level (2009), www.equalitytrust.org.uk
Inequality worsens health and social problems...*




     * Wilkinson and Pickett, The Spirit Level (2009), www.equalitytrust.org.uk
Income gaps – the difference
between poorest and richest 20%




 * Wilkinson and Pickett, The Spirit Level (2009), www.equalitytrust.org.uk
Richest 20% of households earn
          38 times
    what poorest 20% earn*

     * Stats SA (2006), Income and Expenditure Survey
Difference between richest and
poorest 20% of population *




                                                    South Africa
  Japan (3.4x)                                    (38x, households)


                 Denmark (4.3x)   United States (8.5x)
Each year, we now use 50% more
water, soil, fresh air, wood and carbon storage
  than the Earth can sustainably provide.*




             * WWF Living Planet Report 2012
Consume less,
 share more.*




  * Herve Kempf and others
What’s most important in politics...

 ‘The first is money, the second one is
money and I’ve forgotten what the third
                 one is.’
 – Mark Hanna, 19th century Ohio industrialist and Republican US senator.
‘Growth-led poverty reduction …’

South African wage increases 2006-9: *

 Workers: ↑15,4%                   CEOs: ↑200%


        * Computus (Leadership Online, 4 May 2010)
Wealth can destroy as much as it can create.
Wealth can destroy as much as it can create.
Global financial crisis …




Wealth can destroy as much as it can create.
Solutions...
‘It is all wrong to have
millionaires before you have
  ceased to have slums.’
  – John Spedan Lewis, founder of the John Lewis Partnership
Democracy does not require perfect
equality but it does require that citizens
        share in a common life.
          – Harvard philosopher Michael Sandel
We hold these truths to be self-evident,
    that all men are created equal...
             – American Declaration of Independence



          Liberté, égalité, fraternité.
                    – France’s national motto



All human beings are born free and equal in
            dignity and rights.
    – First Article of the Universal Declaration of Human Rights



    Equality includes the full and equal
   enjoyment of all rights and freedoms.
                   – South Africa’s Bill of Rights
It is all wrong to have millionaires
before you have ceased to have slums.


           Consume less,
            share more.

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TEDxTableMountain - 'The case for the maximum wage'

  • 1. The case for the maximum wage – a universal pay cap
  • 2. ‘It is all wrong to have millionaires before you have ceased to have slums.’
  • 3. Increased inequality brings * • Lower educational • Less social trust achievement • Increased obesity • Shorter life • More mental illness – expectancies incl. drug & alcohol • Increased infant addiction deaths • Reduced social • More murders mobility • Increased • Reduced imprisonment environmental • More teen births concern * Wilkinson and Pickett, The Spirit Level (2009), www.equalitytrust.org.uk
  • 4. Inequality worsens health and social problems...* * Wilkinson and Pickett, The Spirit Level (2009), www.equalitytrust.org.uk
  • 5. Income gaps – the difference between poorest and richest 20% * Wilkinson and Pickett, The Spirit Level (2009), www.equalitytrust.org.uk
  • 6. Richest 20% of households earn 38 times what poorest 20% earn* * Stats SA (2006), Income and Expenditure Survey
  • 7. Difference between richest and poorest 20% of population * South Africa Japan (3.4x) (38x, households) Denmark (4.3x) United States (8.5x)
  • 8. Each year, we now use 50% more water, soil, fresh air, wood and carbon storage than the Earth can sustainably provide.* * WWF Living Planet Report 2012
  • 9. Consume less, share more.* * Herve Kempf and others
  • 10. What’s most important in politics... ‘The first is money, the second one is money and I’ve forgotten what the third one is.’ – Mark Hanna, 19th century Ohio industrialist and Republican US senator.
  • 11. ‘Growth-led poverty reduction …’ South African wage increases 2006-9: * Workers: ↑15,4% CEOs: ↑200% * Computus (Leadership Online, 4 May 2010)
  • 12. Wealth can destroy as much as it can create.
  • 13. Wealth can destroy as much as it can create.
  • 14. Global financial crisis … Wealth can destroy as much as it can create.
  • 16.
  • 17. ‘It is all wrong to have millionaires before you have ceased to have slums.’ – John Spedan Lewis, founder of the John Lewis Partnership
  • 18. Democracy does not require perfect equality but it does require that citizens share in a common life. – Harvard philosopher Michael Sandel
  • 19. We hold these truths to be self-evident, that all men are created equal... – American Declaration of Independence Liberté, égalité, fraternité. – France’s national motto All human beings are born free and equal in dignity and rights. – First Article of the Universal Declaration of Human Rights Equality includes the full and equal enjoyment of all rights and freedoms. – South Africa’s Bill of Rights
  • 20. It is all wrong to have millionaires before you have ceased to have slums. Consume less, share more.