Stephanie Lis writes for Cap X

Stephanie Lis, Director of Communications at the Institute of Economic Affairs has written for Cap X on Corbyn’s suggestion to introduce a wage cap.

In her article Stephanie argues that this intervention is not only beset with practical problems, but it demonstrates a deep misunderstanding of how wage-setting works. Imposing a cap would almost certainly act as an incentive for the richest to leave the UK, depriving the Government of sizeable tax contributions altogether. Most significantly, a cap would do nothing to help the poorest.

Read the full article here.