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If we have a minimum wage, couldn't a maximum wage be constructed within the same realm of arguments?
by raxxorrax 6y ago
If we have a minimum wage, couldn't a maximum wage be constructed within the same realm of arguments?
- tremon 6y agoMany non-C-level job positions already have a maximum wage, in the form of salary scales. Although not government-mandated, they are all calibrated to the same market, so these scales are comparable between competing companies.
- Mirioron 6y agoMinimum wage actually came out of maximum wage laws in England. After a plague there was a shortage of laborers, which increased the costs of hiring them. A law was instituted to discourage people paying too much for laborers.