Responses

Does the minimum wage need to track rising living costs? I'll gather current evidence on both sides. Whether the minimum wage needs to keep up with the cost of living depends on what you mean by "needs" — legally, economically, or as a policy goal. The answers are different: 1. Legally, No — It Is Not Designed To The U.S. federal minimum wage is $7.25 an hour, and it's been the same rate since

I'll examine whether the minimum wage should track the cost of living and what the tradeoffs are. Yes, if the goal of a minimum wage is to provide a basic standard of living - its original purpose - then it needs to at least keep pace with the cost of living. Whether it should do so automatically and how is debated. 1. What "keeping up" means The federal minimum wage in the U.S. is $7.25 an ho