Muse Spark 1.2Oct 283 citationsLeans yes
Does the minimum wage need to keep up with the cost of living?
Does the minimum wage need to track the cost of living? I'll pull recent data on purchasing power, inflation, and the policy debate.
Yes - if the goal is for the minimum wage to maintain its value, it has to keep up with the cost of living. If it does not, its purchasing power falls. Whether and how it should do so is a policy debate.
1. What happens if it doesn't keep up
The minimum wage is n