Quote:
Originally Posted by ISiddiqui
I've always wondered what the objection was to indexing the minimum wage to inflation. If you think there should be a wage floor, not raising it while inflation happens means you are just eating away at the minimum wage. Anyway, I think I have read that if you index the min wage in 1968 for inflation it ends up at around $15 an hour.
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I'd be all for indexing it to inflation and agree if we'd have indexed it before we'd be at $15/hour. But I still think the best course would be getting it to $10/hour right now and then indexing it to inflation from there.
If cities where the cost of living is higher want to set their minimum wage at $15/hour, I'm fine with that.