It might not be easy to come up with perfect equation for regulating the minimum wage. Bumping the minimum wage by law seems like an arbitrary temporary fix, t

It might not be easy to come up with perfect equation for regulating the minimum wage. Bumping the minimum wage by law seems like an arbitrary temporary fix, that will need to be adjusted in another 25 years. But a temporary somewhat arbitrary fix, might be better than nothing. Don't let perfect get in the way of good enough for now.