Claude Sonnet 5Oct 2211 citations
Does the minimum wage need to keep up with the cost of living?
This is a genuinely debated policy question, but the search results provide useful facts for understanding both the empirical situation and the arguments on each side.
The factual backdrop
The federal minimum wage in the U.S. has not been tied to inflation at all. Because the federal rate is a fixed dollar amount that only Congress can change, it is not indexed to inflation, so its buying power