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this post was submitted on 26 May 2026
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Part of the reason I really like the minimum wage laws where I live (us but close to the border) is that the law says the minimum wage is based on a formula, and that formula is just a determination of what cost of living requires that wage to be. It's simple, doesn't allow for arguments over routine changes, and keeps it in an effective band.
There are issues with everything else, but at least that part is functional.