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What do you think minimum wage should be?
(discuss.online)
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Setting it to any single number is pointless, it will inevitably stagnate and fall behind inflation, leaving us in the exact same position.
The first thing we need to do is redefine a livable wage to being able to afford shelter, food, and utilities. Then, we can tie the minimum wage to the current livable wage, which will continue to rise in future alongside inflation.