Adam Smith Institute

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Jeremy Corbyn's maximum salary cap is bad news for British workers

Sam Bowman's opinion piece on why a maximum salary cap would harm workers featured in i news:

It wasn’t a huge surprise to hear Jeremy Corbyn call for a maximum salary cap on the basis that it would reduce inequality. Maybe so: it would probably lop off the top of the job market, driving top chief executives, footballers and other high earners overseas. If all you care about is cutting inequality by getting rid of the rich, then fair enough.  But if you care about your own quality of life and that of people poorer than you, then it’s a bad policy.

Read the full i article here.