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This is ultimately a question of economic policy and values, so reasonable people disagree — but here's the factual landscape and the main arguments on each side. The Current Gap Is Real The federal minimum wage has been $7.25 per hour since July 24, 2009, which is the longest stretch in the law's history without an update. Because it is not indexed to inflation, meaning it doesn't automaticall

Should minimum wage track living costs? I'll gather the latest data and both sides of the debate. Does the minimum wage need to keep up with cost of living is a normative and economic question - there are strong arguments for indexing it to inflation, but also risks if it is done mechanically. 1. What happens if it doesn't keep up If a nominal wage is not increased through a period of high con