Wage Law: Minimum vs. Maximum Wages
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The United States has established a minimum-wage law. Should there be a maximum-wage law?
Should salary be tied to results such that an executive whose company loses money should earn less than an executive whose company makes a profit?
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A discussion of the applicability of a minimum and maximum wage law is provided.
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1. The United States has established a minimum-wage law. Should there be a maximum-wage law?
The purpose of the minimum-wage law is to get employers to provide employee wages and salary that are based on the cost of living and prevent organizations from taking unfair advantage of employees. The cost of living basically means the amount of money the individual must be paid in order to live an average social life and meet her financial obligations. Consequently, the minimum wage gets increased as the cost of living ...
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