Should wages increase annually with inflation?

[GM Team Member and Senator WB]

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.

I can see your concern but a spike in inflation could also cause businesses to bring in more income due to price adjustments thus mitigating the increased wages.

It is clearly about time that we raise minimum wage. I'm fine with it staying the same for a few years but our minimum wage has stayed the same for far too long.

Mmhm.