Comment on There are Minimum Wages, Why Not a Maximum Wage?

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Jesus_666@lemmy.world ⁨1⁩ ⁨month⁩ ago

Mind you, people probably don’t think of your standard high earner they they think of an income cap. They think of people who make four (or even five) digits an hour, a rate that maybe high end lawyers can match. Maybe.

CEOs of large companies can easily make that much, often not even tied to performance but contractually guaranteed. The super-rich make that much simply by existing.

Basically, if your labor (or mere existence) isn’t even worth 1000 bucks an hour to your clients you’re a peasant like the rest of us and an income cap is probably never going to be relevant to you.

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