It depends on the goal. Are you trying to ensure a sustainable working class that can afford to support themselves and earn the wages of decent living? Or are you trying to create an exploitable poverty class that can be sapped for profit by oligarchs without admitting it?

Yeah, but then how would capitalists exploit you?

See, if it doesn’t increase with inflation then there is a good chance they can delay giving you an adequate raise for a long time. And, when they do give you a raise, you’ll probably just need to accept less than if you had been receiving them all along.

I hope you’ll consider the capitalist here. He does need to create endless revenue growth, even if that means squeezing his employees until they can’t afford to live.

They already lie about inflation to make it look like the economy isn't in dire straits. Indexing minimum wage to inflation would make them lie even more.

Got to think about those poor business if they have to pay a nickel more for labor they would be broke

Joking aside, minuim wage is a hot issue. One side fully believes that minuim wage is in fact a bad thing and shouldn't exist. So for them putting a bill out that auto raises it would be counter productive to ~~their interests~~ business being able to hire with supply demand

Cost of living adjustments need to become a regular and expected demand from workers. Because yes, if they conveniently fail to give you a raise that at least meets inflation every year, they are effectively cutting your pay in a way that the legal system has absolutely no problems with.

Edit: Not just minimum wage, ALL wage. Inflation adjustments are the bare minimum for the company to be maintaining your value. Performance raises etc. need to happen in addition to that.

Economists think that directly tying wages or prices to inflation can cause inflationary spirals. CPI is based on prices, and raising wages will eventually raise prices and CPI, so if you raise wages based on CPI, it can enter a positive feedback loop.

It might be ok if the feedback is slow enough or if the minimum wage influences a macroeconomically insignificant proportion of wages.

The minimum wage should include 1 voting share upon the worker joining the company that can only be given up by leaving the company. No voting shares should be held by anyone that isn't currently working at that company

The quick answer is cola should be built into the system. Neither party has taken minimum wage laws seriously. States have taken it more seriously than the feds. All jobs should be required to give a cola increase every year.

Yup

Let's tie it to company revenue