Opinion

A model for making America competitive

Posted March 23, 2018 1:00 am

Germany, with its high worker wages (substantially higher than ours), high taxes and strict government regulations, has the world's highest trade surplus. To make American goods more competitive globally, our companies must keep CEO salaries more in line with international standards, that is, paying CEOs about 40 times the median worker's wage instead of 400 times or higher.

Further, how about focusing on providing the best possible service to customers instead of maximizing corporate profits. As taught at Harvard Business School, focusing on customers' requirements results in greater efficiency and high quality products. Being ethical and responding to community needs is not only good for one's soul, it is ultimately best for business success.

Lanlan Hoo

Wheaton

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