Now here is an interesting (but not so new) idea.
While we often talk about what should be the minimum a person should earn for good standard of living we never talk about what is the maximum someone really needs. The term may be a great play on words it isn’t an empty concept. In essence it is the idea of moderation. The phrase “maximum wage” may be a catchy term but why should we adopt the ‘floor-only’ way of thinking and not a ‘ceiling-also’ philosophy? We have been tricked by the rich to think that they have been looking out for the underdogs when really they have been looking out for themselves.