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| | Salary Cap. |
| created @ 01/24/2007 07:25 pm |
| mum expired. [EVERYONE] |
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Ok.
So there's this concept called "Maximum Wage". If you have an understanding of what minimum wage is, then it isn't really that hard to figure out what it means. If not, then it's basically a limit on what can earn per hour/month/year. The general concept is based on annual income, as it's mainly to promote a level playing field within an economy.
The main argument against it is that it reduces "incentive", as some people just want to get stinking rich. I don't feel that this argument holds too much water personally. One argument that might hold a little water (but could still be debated) is that it prevents natural inflation.
I personally support the idea, but at present, there are "no serious mainstream groups advocating a maximum wage in the United States".
If you'd like to read more, here's the wikipedia link:
http://en.wikipedia.org/wiki/Maximum_wage
What do you think? |
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