Players' Union This was the second attempt at the unionisation of professional football players after the failure of the Association Footballers' Union which dissolved itself in 1901. This Union was formed because the Football League had ratified a maximum wage for footballers in 1901 at £4 ("2012: £") . This severely limited the opportunity to earn wages that allowed the best players in the country to forgo the need to take paid employment outside of football. Until then, individual clubs had set their own wage policies throughout the country. The Union, basically, led from where the previous AFU had left the situation:
Maximum wage the loans that banks provide. Loans being essential to the economy, opponents argue, banks are an essential economic institution. Proponents of the maximum liquid wealth policy respond that government could be directly responsible for supplying loans to individuals; they also add that such an arrangement could result in vastly lower interest rates. Of course, proponents of limited government would not find this situation ideal. A "relative earnings limit" is a limit imposed upon a business, to the amount of compensation an individual is allowed, as a specific multiple of a company's lowest earner; or directly relative to the number of