Fix It And Forget It: Index The Minimum Wage To Growth In Average Wages

Source: Heidi Shierholz, Economic Policy Institute, EPI Briefing Paper #251, December 17, 2009

From the press release:
It takes an act of Congress, and often years of waiting, for some workers to simply get a cost of living adjustment, much less a raise. That’s one of the inequities of the minimum wage that EPI economist Heidi Shierholz addresses in her Briefing Paper Fix It and Forget It. She proposes a simple amendment to the minimum wage law, the Fair Labor Standards Act (FLSA), which will guarantee a consistent wage standard that rewards work, reduces poverty, and helps to ensure that growth in the economy is broadly shared across the workforce.

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