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Topic	Inflation hits 30 year high.
adjl 11/10/21 3:04:16 PM #12:	Muscles posted... Why doesn't minimum wage go up with inflation? That s* never made sense to me Because people with money don't want it to, and they pay for the campaigns of the politicians that have the power to enforce such regulations. More than going up with inflation, though, minimum age should reflect local costs of living. Mandating a flat minimum wage across the whole country (or even a whole state) is inevitably going to result in employees getting more than they need in some areas while still being insufficient in others. Instead, the minimum wage for any given business should be dictated by an algorithm that takes local rent (and other costs) into account. Something like "working 40 hours a week should pay 2.5x as much as 1/3 of the median monthly rent for a 3-bedroom apartment within a half-hour walk of the business," or increasing that range to a half-hour drive and including the median cost of car ownership. That way, it remains a livable wage, while effectively controlling local rents because of pressures from businesses that can't afford to pay for higher rents. --- This is my signature. It exists to keep people from skipping the last line of my posts. <cite>adjl posted [p:959874131] in Inflation ... [t:79752571]...</cite> <quote>Muscles posted... </cite> <quote>Why doesn't minimum wage go up with inflation? That s* never made sense to me</quote> Because people with money don't want it to, and they pay for the campaigns of the politicians that have the power to enforce such regulations. More than going up with inflation, though, minimum age should reflect local costs of living. Mandating a flat minimum wage across the whole country (or even a whole state) is inevitably going to result in employees getting more than they need in some areas while still being insufficient in others. Instead, the minimum wage for any given business should be dictated by an algorithm that takes local rent (and other costs) into account. Something like "working 40 hours a week should pay 2.5x as much as 1/3 of the median monthly rent for a 3-bedroom apartment within a half-hour walk of the business," or increasing that range to a half-hour drive and including the median cost of car ownership. That way, it remains a livable wage, while effectively controlling local rents because of pressures from businesses that can't afford to pay for higher rents. --- This is my signature. It exists to keep people from skipping the last line of my posts.</quote> ... Copied to Clipboard!
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