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Linked to inflation is a must, I would think. The CoL problem is currently "solved" in Unemployment and Social Security by tying it to past wages (which probab
by loumf 11y ago
Linked to inflation is a must, I would think.
The CoL problem is currently "solved" in Unemployment and Social Security by tying it to past wages (which probably correlate with this). I think we do need to replicate that in some way.
A similar metric might be to tie it to the minimum wage of a region, which will hopefully capture inflation and CoL.