Re:What If Andrew Yang Was Right?
by gumby on Tuesday March 17, 2020 @03:01AM
(#22602457)
> It appears to me that the natural next step is to make the minimum wage grow with inflation.
I feel that way too, but remember that indexing wages to inflation made the stagflation of the 70s significantly worse (I don't believe it was the cause, though it is often blamed). That doesn't mean it's not a good idea, in particular for the minimum wage, but some further thought is required.
I feel that way too, but remember that indexing wages to inflation made the stagflation of the 70s significantly worse (I don't believe it was the cause, though it is often blamed). That doesn't mean it's not a good idea, in particular for the minimum wage, but some further thought is required.