Might mean (unverified): Upper limit on individual earnings.
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We found 2 dictionaries that define the word maximum wage:

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  1. maximum wage: Wiktionary
  2. Maximum wage: Wikipedia, the Free Encyclopedia

Definitions from Wiktionary (maximum wage)

noun:  A legal limit on how much a person can earn; an institutional limit on how much a job role can earn (as for example military ranks or occupational specialties).

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