Muse Spark 1.2Oct 303 citations
Does the minimum wage need to keep up with the cost of living?
Should the minimum wage track living costs? I'll examine the economic arguments and latest data.
In theory a minimum wage is designed to be a wage floor - whether it needs to keep up with the cost of living depends on what you think its purpose is, but in practice if it doesn't, its purchasing power erodes.
What "cost of living" means
The cost of living refers to the amount of money individual