Linking it automatically the the CPI is dangerous (as, I believe happened in the 70s and early 80s when union contracts were stronger and more ubiquitous). Link

Linking it automatically the the CPI is dangerous (as, I believe happened in the 70s and early 80s when union contracts were stronger and more ubiquitous). Linking it to productivity is much better. Some will say it already is, but I seriously doubt that is actually true, as the linkage between wages and productivity seems to have been broken decades ago and the power imbalance between workers and capital have only become more exacerbated.