Comments on: Maximum Wage Law http://www.economicshelp.org/blog/economics/maximum-wage-law/ Economics Blog - current events and economics essays Thu, 18 Mar 2010 19:46:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: aust http://www.economicshelp.org/blog/economics/maximum-wage-law/comment-page-1/#comment-3950 aust Tue, 04 Aug 2009 18:41:33 +0000 http://www.economicshelp.org/blog/?p=1725#comment-3950 "Firms may find a shortage of skilled workers or top executives, this could harm economic prospects." well, as a shortage of these individuals would arise, others would be more than willing to step into place, indvivuals that would accept the wage as having been higher than what they had been reciving before. Think of people that would actauly try to improve thamselves to fit the ocupation. On top of that if a company was mandated that the highest pay scale would only be 20 times the lowest pay scale it would cause more companies to increase their based pay, the wage that the majority of its employees make, in the effort to sustain a higher pay for its top executives. This action would increase the disposable income of the nation at large and would, in the long term, actually help the company by increasing sales. “Firms may find a shortage of skilled workers or top executives, this could harm economic prospects.”

well, as a shortage of these individuals would arise, others would be more than willing to step into place, indvivuals that would accept the wage as having been higher than what they had been reciving before. Think of people that would actauly try to improve thamselves to fit the ocupation. On top of that if a company was mandated that the highest pay scale would only be 20 times the lowest pay scale it would cause more companies to increase their based pay, the wage that the majority of its employees make, in the effort to sustain a higher pay for its top executives. This action would increase the disposable income of the nation at large and would, in the long term, actually help the company by increasing sales.

]]> By: editor@toomuchonoline.org http://www.economicshelp.org/blog/economics/maximum-wage-law/comment-page-1/#comment-3850 editor@toomuchonoline.org Thu, 16 Jul 2009 17:37:21 +0000 http://www.economicshelp.org/blog/?p=1725#comment-3850 The idea of a "maximum wage" -- a cap on income -- actually has a long philosophical and economic history. For a look at that history, check out this resource, a 2004 book now available online at http://www.greedandgood.org/NewToRead.html The idea of a “maximum wage” — a cap on income — actually has a long philosophical and economic history.

For a look at that history, check out this resource, a 2004 book now available online at
http://www.greedandgood.org/NewToRead.html

]]> By: Adrian Wright http://www.economicshelp.org/blog/economics/maximum-wage-law/comment-page-1/#comment-3830 Adrian Wright Tue, 14 Jul 2009 21:08:49 +0000 http://www.economicshelp.org/blog/?p=1725#comment-3830 I dont think there is proper justification as to why maximum wage law is bad or good for a country. I dont think there is proper justification as to why maximum wage law is bad or good for a country.

]]> By: Adrian Wright http://www.economicshelp.org/blog/economics/maximum-wage-law/comment-page-1/#comment-3808 Adrian Wright Sat, 11 Jul 2009 09:13:45 +0000 http://www.economicshelp.org/blog/?p=1725#comment-3808 I personally feel te whole topic has not ben covered well I dont a justification at all yet, why is maximum wage law bad for the country. I personally feel te whole topic has not ben covered well I dont a justification at all yet, why is maximum wage law bad for the country.

]]> By: Lawrence Low http://www.economicshelp.org/blog/economics/maximum-wage-law/comment-page-1/#comment-3793 Lawrence Low Thu, 09 Jul 2009 07:48:03 +0000 http://www.economicshelp.org/blog/?p=1725#comment-3793 I have read his blog for more than a year and I feel that it is just fine with or without bullets. At least it's presented in paragraph I have read his blog for more than a year and I feel that it is just fine with or without bullets. At least it’s presented in paragraph

]]> By: Adrian Wright http://www.economicshelp.org/blog/economics/maximum-wage-law/comment-page-1/#comment-3791 Adrian Wright Thu, 09 Jul 2009 00:35:58 +0000 http://www.economicshelp.org/blog/?p=1725#comment-3791 i WOULD LIKE YOU TO HIGHLIGHT THE ADVANTAGES AND DISADVANTAGES IN BULLET POINTS PLEASE? i WOULD LIKE YOU TO HIGHLIGHT THE ADVANTAGES AND DISADVANTAGES IN BULLET POINTS PLEASE?

]]> By: Benedict@Large http://www.economicshelp.org/blog/economics/maximum-wage-law/comment-page-1/#comment-3784 Benedict@Large Wed, 08 Jul 2009 15:38:45 +0000 http://www.economicshelp.org/blog/?p=1725#comment-3784 "... But the government gets nothing in return." Not at all the case. A maximum wage is redistributive, in that anything that would have been paid but isn't because of the maximum wage is placed to other purposes. This could be the wages of co-workers, dividends to equity holders, capital reinvestment, or any number of other things. The thing that all these things have in common is that they either directly or eventually increase the taxable base and therefore either increase tax revenue or lower tax rates. Either of these is certainly something that government gets in return. “… But the government gets nothing in return.”

Not at all the case. A maximum wage is redistributive, in that anything that would have been paid but isn’t because of the maximum wage is placed to other purposes. This could be the wages of co-workers, dividends to equity holders, capital reinvestment, or any number of other things.

The thing that all these things have in common is that they either directly or eventually increase the taxable base and therefore either increase tax revenue or lower tax rates. Either of these is certainly something that government gets in return.

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