Is there a country either currently or in the past that had maxium wage laws?

Question

I was just curious as to how well it worked and/or how it failed and why. Thanks!

Answer 1

all communist economies have worked on the principle that the state, not he market and merit, set wages.

that all such systems have collapsed, save cuba and north korea, or made strong strides towards changing this principle, such as china, should tell you how it works. and look for those two to change in the next 5-10 years too...