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by Sherilane on March 15th, 2007

Sherilane

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Do you think that since we have a minimum wage, it would make sense to have a maximum wage? If so, what do you think that wage should be and what should it entail?

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Answers. 2 helpful answers below.

  • by migarce on March 30th, 2007

    migarce

    If market forces (supply and demand) are let to operate freely in the labor market,instead of fixing a minimum wage, the unemployment would be less.

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  • by AntigoneRising on March 15th, 2007

    AntigoneRising

    No, I do not think that a maximum wage makes sense. The intent of the minumum wage is to ensure a minumum quality of life for a person. If you put on a maximum, what is the motivation for people to achieve when they approach it? Their accomplishments won't be rewarded with a promotion and raise.

    Capitalism is driven by the goal of accumulating capital - wealth. If you set a maximum on it, you are undermining the driving force of the economy.

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