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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.
- 15. Solutions...
- 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.