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The question of whether the minimum wage should keep up with the cost of living—often referred to as indexing the minimum wage to inflation—is one of the most enduring debates in economics and public policy. At its core, this debate pits the goal of protecting workers' purchasing power against concerns over business costs, employment levels, and broader economic stability. --- Arguments in F

Whether the minimum wage should keep up with the cost of living is one of the most prominent and ongoing debates in labor economics and public policy. The debate is highly visible in countries like the United States, where the federal minimum wage has remained unchanged at $7.25 per hour since 2009—the longest period without an increase since its creation in 1938. In response, many states and lo