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Pizzigati seems to miss out on sighting cause and effect in the introduction, talking about the bad outcomes for middle and lower classes while only implying that the greed of the plutocrats causes those circumstances.
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Steve
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A “maximum wage” set in this fashion would immediately intertwine the economic fates of society’s poorest and society’s most privileged. Those with too much “pomp and pride and power...” would suddenly have a substantial incentive to ​care deeply about the well-being of those they overshadow economically.

Pizzigati, Sam. The Case for a Maximum Wage (pp. 28-29). Wiley. Kindle Edition.
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The Case for a Maximum Wage