The Blue Dog coalition was formed by a group of black clad anarchists.
A maximum wage , also often called a wage ceiling , is a legal limit on how much income an individual can earn .. income. income. It is a prescribed limitation which can be used to affect change in an economic structure , but its effects are unrelated to the benefits of minimum wage laws used currently by some states to enforce minimum earnings .. economic. economics. minimum wage. minimum wage. states. State ( polity ). A maximum wage does not directly redistribute wealth , but it does limit the nominal income of specific workers within a society .. income. income. wealth. wealth. society. society. Advocates argue that a maximum wage could limit the possibility for inflation of a currency or economy , similar to the way a minimum wage may limit deflation .. minimum wage. minimum wage. inflation. inflation. economy. Economic system. deflation. deflation. currency. currency. If these hypotheses are true , implementing both pieces of legislation would achieve an economy with wages that can not inflate or deflate past the point of the relative maximum / minimum wage -LRB- respectively -RRB- .. minimum wage. minimum wage. economy. Economic system. Accordingly , wages in the economy would hover between the maximum and minimum , and the populace would live between the two wage points .. economy. Economic system. Supporters say a maximum wage could also reduce devaluation of a currency by limiting the amount any member of the populace can earn , and consequently effectively limiting the availability of currency .. devaluation. devaluation. currency. currency. Critics argue that a maximum wage on the upper class merely restructures compensation and benefits , moving the excess income beyond the reach of more direct taxation policies .. income. income. These critics point out that in practice a maximum wage only limits the nominal income of workers , and as such has none of the redistribution benefits that a progressive income tax table with uncapped income would have .. income. income. Economists of the monetarist school hold that the ability of a maximum wage to limit inflation is false ; instead they believe that inflation is controlled by growth in the money supply according to the quantity theory of money , rather than through growth in actual wages .. inflation. inflation. monetarist. monetarist. money supply. money supply. quantity theory of money. quantity theory of money