I’ve long held the minimum wage should be pegged to cost of living and inflation reporting and not be voted for each raise to it. This way anytime a business tries to jack prices beyond their added costs, it bites them in the ass.
See i like this idea of pegging the min wage to inflation too, but the government(s all over) has been lying about inflation reports for over 6 years now. So they’ll just fudge the numbers even worse to never go up more than a percent a year.
I’ve long held the minimum wage should be pegged to cost of living and inflation reporting and not be voted for each raise to it. This way anytime a business tries to jack prices beyond their added costs, it bites them in the ass.
Indexing salaries to inflation has been done in the past in Brazil and it let to hyperinflation in the 80s.
See i like this idea of pegging the min wage to inflation too, but the government(s all over) has been lying about inflation reports for over 6 years now. So they’ll just fudge the numbers even worse to never go up more than a percent a year.