Commission impossible? I don't think so.Byline: Paul Routledge PROGRESSIVE think-tank Compass suggests a High Pay Commission to avert another economic collapse caused by greedy bankers. It would mirror the work of the Low Pay Commission, which put into place Rodney Bickerstaffe's scheme for a national minimum wage. Two weeks ago, over a sherbert sher·bet n. 1. also sher·bert A frozen dessert made primarily of fruit juice, sugar, and water, and also containing milk, egg white, or gelatin. 2. Chiefly British A beverage made of sweetened diluted fruit juice. , Rodney floated the idea of a national maximum wage, to stamp out to put an end to by sudden and energetic action; to extinguish; as, to stamp out a rebellion s>. See also: Stamp the avarice of top City people. A High Pay Commission could investigate and publish details of what's euphemistically known as "variable compensation" in the banks, especially those reliant on taxpayers' money. Naming and shaming might be enough to prevent the gross abuses of bonus payments made to the racketeers who fool around with Fool Around With is a British reality TV show where four girls or boys get locked up together with a single person who should try to find out which of the four contestants that are the true single. our money for private gain. But, if public identification isn't enough to force an end to these grotesque practices, a High Pay Commission could campaign - for decades, if necessary, as it was with the minimum wage - for legislation outlawing pirate pay. Chancellor Darling is predictably cool on the idea, but why wait for Government to act? Labour MPs, the unions and other interested parties should band together to set up just such a commission now. Strike while the iron is hot! |
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