Should wages increase annually with inflation? (user search)
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  Should wages increase annually with inflation? (search mode)
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Author Topic: Should wages increase annually with inflation?  (Read 797 times)
Kingpoleon
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Posts: 22,144
United States


« on: December 02, 2017, 04:19:18 PM »

Not really. By tying the minimum wage to inflation, if inflation suddenly spikes we would see a major layoff for those in the working class, thus causing the unemployment rate(esp. for those with minimum wage or near minimum wage) to be tied to inflation. This would be an economically disastrous decision that would return us to the late 1970s.
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