Model highly paid workers (CEO-types, bonus-driven investment bankers, highly skilled professionals, etc) as a different factor of production to not-so-highly paid workers (e.g. manual labour, inexperienced workers, etc).
In light of this information, discuss the following statement:
If we raise taxes on the highest paid workers, wages will adjust so that some of the burden falls on lower paid workers (as well as consumers, capital, etc, etc.)
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