THE WORLD'S SALARY CAP: Labor's Share of GDP Across the Globe.
The HR Capitalist
MAY 16, 2018
Here's some deep thoughts for today. If you're a professional sports fan, you know all about the concept of a salary cap, which is defined by Wikipedia as follows in sports: In professional sports , a salary cap (or wage cap ) is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. It exists as a per-player limit or a total limit for the team's roster, or both.
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