Maximum wage laws

…the ambitious plan for the new free-trade zone — nicknamed Zip
Choluteca — rests on a controversial low-wage pact, made in the spring
among the project’s developers, the Honduran government and national
labor unions. In return for luring investors to an untested and
undeveloped region, the agreement guarantees them a minimum profit by
keeping wages below the legal daily minimum for five to 10 years.

Here is the full story, which is about recent attempts to make Honduras a regional economic powerhouse. 

Do maximum wage laws make more or less sense than minimum wage laws?


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