Literally any discussion of the minimum wage is wasted as long as the current and/or proposed minimum wage is below the market rate.
So blather on about it all you want, it's a waste of time.
However, as a mere zygote economist I asked myself "why don't we just index the minimum wage to inflation? Each year we'd increase it based on the CPI and then there'd be no debate."
Alas it seems politicians insist on using this effectively irrelevant issue as a political football because this simple solution would deny them the chance to masquerade themselves as people who actually give a damn about low-income earners.
Regardless, I decided to go and adjust the minimum wge myself. Set at $5.15 on Sept 1, 1997, today it would be $6.44.
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