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Should the minimum wage track living costs? I'm gathering the latest data and arguments on both sides. Does the minimum wage need to keep up with cost of living is a policy question, but economics provides clear facts about what happens when it does or doesn't: 1. The original intent was to keep up with cost of living When Congress enacted the federal minimum wage in 1938 at 25 cents per hour

Minimum-wage and cost-of-living is a live debate — I'll lay out the case for indexation and the trade-offs. The question whether the minimum wage needs to keep up with the cost of living is a normative and economic debate. There are two distinct concepts: Minimum wage - a legal floor for covered workers. Living wage / cost-of-living adjusted wage - a wage tied to measurable economic indicato

Should minimum wage track the cost of living? I'll pull current data on prices, purchasing power, and living wages to lay out both sides. Whether the minimum wage should keep up with the cost of living is a policy question, but economically if it does not, its purchasing power declines. 1. What happens if it does not keep up? Nothing in federal law requires it to keep pace with inflation, prod