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The case for themaximum wage –a universal pay cap
‘It is all wrong to havemillionaires before you have ceased to have           slums.’
Increased inequality brings *•   Lower educational                           •    Less social trust    achievement        ...
Inequality worsens health and social problems...*     * Wilkinson and Pickett, The Spirit Level (2009), www.equalitytrust....
Income gaps – the differencebetween poorest and richest 20% * Wilkinson and Pickett, The Spirit Level (2009), www.equality...
Richest 20% of households earn          38 times    what poorest 20% earn*     * Stats SA (2006), Income and Expenditure S...
Difference between richest andpoorest 20% of population *                                                    South Africa ...
Each year, we now use 50% morewater, soil, fresh air, wood and carbon storage  than the Earth can sustainably provide.*   ...
Consume less, share more.*  * Herve Kempf and others
What’s most important in politics... ‘The first is money, the second one ismoney and I’ve forgotten what the third        ...
‘Growth-led poverty reduction …’South African wage increases 2006-9: * Workers: ↑15,4%                   CEOs: ↑200%      ...
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 havemillionaires before you have  ceased to have slums.’  – John Spedan Lewis, founder of the John Lew...
Democracy does not require perfectequality but it does require that citizens        share in a common life.          – Har...
We hold these truths to be self-evident,    that all men are created equal...             – American Declaration of Indepe...
It is all wrong to have millionairesbefore you have ceased to have slums.           Consume less,            share more.
TEDxTableMountain - 'The case for the maximum wage'
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Understanding the true costs for South Africa - and the world - of excessive inequality and excessive wealth - and how we should consume less and share more for societies that serve everyone (including the currently very wealthy) even better.

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TEDxTableMountain - 'The case for the maximum wage'

  1. 1. The case for themaximum wage –a universal pay cap
  2. 2. ‘It is all wrong to havemillionaires before you have ceased to have slums.’
  3. 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. 4. Inequality worsens health and social problems...* * Wilkinson and Pickett, The Spirit Level (2009), www.equalitytrust.org.uk
  5. 5. Income gaps – the differencebetween poorest and richest 20% * Wilkinson and Pickett, The Spirit Level (2009), www.equalitytrust.org.uk
  6. 6. Richest 20% of households earn 38 times what poorest 20% earn* * Stats SA (2006), Income and Expenditure Survey
  7. 7. Difference between richest andpoorest 20% of population * South Africa Japan (3.4x) (38x, households) Denmark (4.3x) United States (8.5x)
  8. 8. Each year, we now use 50% morewater, soil, fresh air, wood and carbon storage than the Earth can sustainably provide.* * WWF Living Planet Report 2012
  9. 9. Consume less, share more.* * Herve Kempf and others
  10. 10. What’s most important in politics... ‘The first is money, the second one ismoney and I’ve forgotten what the third one is.’ – Mark Hanna, 19th century Ohio industrialist and Republican US senator.
  11. 11. ‘Growth-led poverty reduction …’South African wage increases 2006-9: * Workers: ↑15,4% CEOs: ↑200% * Computus (Leadership Online, 4 May 2010)
  12. 12. Wealth can destroy as much as it can create.
  13. 13. Wealth can destroy as much as it can create.
  14. 14. Global financial crisis …Wealth can destroy as much as it can create.
  15. 15. Solutions...
  16. 16. ‘It is all wrong to havemillionaires before you have ceased to have slums.’ – John Spedan Lewis, founder of the John Lewis Partnership
  17. 17. Democracy does not require perfectequality but it does require that citizens share in a common life. – Harvard philosopher Michael Sandel
  18. 18. We hold these truths to be self-evident, that all men are created equal... – American Declaration of Independence Liberté, égalité, fraternité. – France’s national mottoAll 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
  19. 19. It is all wrong to have millionairesbefore you have ceased to have slums. Consume less, share more.

Understanding the true costs for South Africa - and the world - of excessive inequality and excessive wealth - and how we should consume less and share more for societies that serve everyone (including the currently very wealthy) even better.

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