Muse Spark 1.2Sep 233 citationsBoth sides
Does the minimum wage need to keep up with the cost of living?
Does the minimum wage need to track cost of living? I'll pull the latest economics on purchasing power, inflation, and living-wage alternatives to weigh the case.
Whether the minimum wage should keep up with the cost of living depends on what you want the policy to achieve and how you weigh its trade-offs. Economically, the debate is well-defined:
1. What the minimum wage is intended to do
Min