Muse Spark 1.2Sep 253 citations
Does the minimum wage need to keep up with the cost of living?
Should minimum wage track cost of living? I'll pull the evidence on that trade-off.
Does the minimum wage need to keep up with cost of living? It depends on what you want the minimum wage to do, but in economic terms - if it doesn't keep up, it loses value every year.
1. What "keeping up" means
"Keeping up" usually means indexing the wage to inflation, typically to the Consumer Price Index (CP