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Democrats want to make the minimum wage $17 an hour and give nearly 28 million workers a raise
(www.businessinsider.com)
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That’s a good point. I’m sure they’d do something like that. That’s why we tie it to a ton of measures: cost of a gallon of milk+minimum rent+average healthcare costs for a family+S&P 500+cost of phone and internet+etc. A huge, comprehensive reflection of the cost of living AND include the oligarchs favorite market metrics. If we have to bail out Silicon Valley venture capital, they should pay higher minimum wage when they are reaping large returns.
Question - do we also reduce wages if there's deflation?
Just make it so it never goes down. It is a minimum, no reason to lower the floor for the lowest earners
I agree with you, that sounds like a way to make it harder for them to screw with the measurement. I'd vote for it!
(My new worry is that they'd see it being an issue well before it was implemented, and pay Fox News to call it part of the trans, communist agenda or whatever, so it would never pass. Fuck. Maybe that's enough bubble bath white wine for now...)