Initiative Details
Automate Minimum Wage Increases
-Instead of Congress voting to change the Minimum Wage when it desires.
Have the Minimum Wage change according to the cost-of-living index on a regular schedule.
The Minimum Wage increases will be implemented every odd-numbered year beginning on January 1st 12 am.
For example: If the minimum wage is $10.00 in 2025 and the cost-of-living increases 5% for both 2025 & 2026, then on 1 Jan 2027 the Minimum Wage will become $11.03 automatically ($1.03 = $10.00 at 5% annually compounded over 2 years).
Support Automate Minimum Wage Increases?
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Why should the bottom-rung of employees potentially not get raises in a reasonable period, instead of Congress voting to change the Minimum Wage when it desires? Other people are generally getting raises nearly every year.
The federal minimum wage has not been raised for 15 years (2009) and counting.
It might increase the cost of goods.
Jab63080
Would that negatively affect wages if cost of living ever decreases?
Megan
This is a great idea! I support this.
DrB
Why are we not looking out for everyone?
DrB
It has been 15 years since the last increase