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Maximum wage information


A maximum wage, also often called a wage ceiling, is a legal limit on how much income an individual can earn.[1] It is a prescribed limitation which can be used to effect change in an economic structure, but its effects are unrelated to those of minimum wage laws used currently by some states to enforce minimum earnings.[2]

  1. ^ Dietl, H.; Duschl, T.; Lang, M. (2010). "Executive Salary Caps: What Politicians, Regulators and Managers Can Learn from Major Sports Leagues" (PDF). University of Zurich, ISU Working Paper Series (129).
  2. ^ Dodd, E. Merrick (1 January 1943). "From Maximum Wages to Minimum Wages: Six Centuries of Regulation of Employment Contracts". Columbia Law Review. 43 (5): 643–687. doi:10.2307/1117231. JSTOR 1117231.

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