Muse Spark 1.2Oct 83 citations
Does the minimum wage need to keep up with the cost of living?
Should the legal floor track living costs? I'll pull current research on whether the minimum wage keeps up with inflation.
Does the minimum wage need to keep up with the cost of living? It depends on what you think the minimum wage is for - but economically, if it doesn't keep up, it loses value every year.
1. What the minimum wage is meant to do
Minimum wage is the legally mandated lowest