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Tying minimum wage to productivity never made sense to me. Obviously as technology progresses, productivity would increase. There wouldn't be an incentive to in
by sovnade 5y ago
Tying minimum wage to productivity never made sense to me. Obviously as technology progresses, productivity would increase. There wouldn't be an incentive to invest in productivity-increasing tech if it was directly offset by wage increases.
Tying it to inflation though is a no-brainer. We do it for social security payments, congress salaries, etc. There's no justifiable reason for not doing this.