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Suppose there were a cap put on executive pay by the

1. Average real wages have increased steadily over the last 100 years. What do you think is the main cause of the increase?

2. Suppose there were a cap put on executive pay by the government. Suppose that "excessive wages" of executives were "excessively" taxed. What would be the effects on wages of workers down the corporate ladder?

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Microeconomics: Suppose there were a cap put on executive pay by the

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