Anything price you set for salaries is arbitrary, it pushes less productive people the working, it forces jobs to be scarce. It works the same way it would if you control any other price. Salaries can only rise if the production rises, and what keeps the production from rising more is always the government.5 Where did you see that regulations and taxes are in an all time low? Tax cuts had an all time high, but taxes are still high in America.
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