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Mandating that salaries are tied to inflation is an interesting concept indeed. I'm still majorly confused as to why not all legislation uses "inflated dollars
by rtpg 11y ago
Mandating that salaries are tied to inflation is an interesting concept indeed.
I'm still majorly confused as to why not all legislation uses "inflated dollars" or some metric that keeps things in line with inflation. Well not confused, per say, more like disappointed.
- jjaredsimpson 11y agoThen instead of arguing about increases in spending you are just arguing about metrics of inflation. I'd rather legislators argue about the former.
- alasarmas 11y agoI think legislators are already arguing about both increases of spending and metrics of inflation. Remember the whole "chained CPI" debate about the metric to use to calculate cost-of-living increases for Social Security benefits?
- rtpg 11y agosure, but in the case of minimum wage, for example, it would still be rising by some (certainly imperfect) metric. Legislative deadlock would not stop these things from rising at least a little.
- motoboi 11y agoIMHO, tying prices and wages to inflation is exactly what you should avoid as this will fuel inflation even more.