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.[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. JSTOR1117231.