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Minimum wage should be going up all the time to keep it inline with inflation. That's the point of minimum wage. Minimum wage used to ride regularly, then sinc

• gruez 4y ago
  > Minimum wage should be going up all the time to keep it inline with inflation. That's the point of minimum wage. Except that if you adjusted the minimum wage in 2005 to account for inflation, you'll only get $7.93 today[1]. I doubt the people clamoring for a $20 minimum wage today are doing it on the basis of "keeping up with inflation". [1] https://fred.stlouisfed.org/series/CPIAUCSL https://fred.stlouisfed.org/series/CPIAUCSL