In 2014, the EU passed legislation that capped bankers' bonuses at 100% of their pay or 200% with shareholder approval. There are currently no caps on banker's pay in Australia. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on bankers' pay will push up non-bonus pay and cause bank's costs to rise.
Statistics are shown for this demographic
Ideology
State
Response rates from 933 Melbourne voters.
67% Yes |
33% No |
53% Yes |
27% No |
6% Yes, and lower the cap to 20% |
6% No, any worker should be rewarded based on their success |
4% Yes, and nationalise the banks |
|
4% Yes, and lower the cap to 50% |
Trend of support over time for each answer from 933 Melbourne voters.
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Trend of how important this issue is for 933 Melbourne voters.
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Unique answers from Melbourne voters whose views went beyond the provided options.
@9WNJ2H21mo1MO
All worker's bonuses should be capped at 100% of their pay unless they are underpaid in their field and have to meet strict targets to receive their bonus
@9DNJPSJ1yr1Y
Banks are private business`s and so we shouldn`t regulate how they pay people - we should however look at how they operate and make them far more accountable for the misery they inflict on people in the name of profits
@924QJLN3yrs3Y
No, and have the cap up to 90%
@924QJLN3yrs3Y
Yes, and lower the cap to 90%
@8ZY85433yrs3Y
There should be no bonuses whatsoever!
@8ZSH8WQ3yrs3Y
Bonuses should be capped at 100% and only issues in stock options that are mandated to stay for 10+years without being sold so CEO are investors in their company beyond their working life
@8ZLMKPH3yrs3Y
It depends on their contract
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