Post #1862616

2026-04-28 18:55 UTC

These idiots need to stop setting the minimum wage to fixed values, and set them to calculations based off GDP and localized (by county) cost of living, with an annual (or better yet quarterly) refresh on the calculation. Maybe some other variables, I'm not an economist, but the point is to have it adjust without needing constant legislative flights.

Replies (9)

@Phil_in_here@lemmy.ca 2026-04-28 19:18

Fuck, they could agree to recalculate every decade and it would still be an improvement.

Open ##1862671
@TheMadCodger@piefed.social 2026-04-28 20:30

It should be tied to congress's salary. Every time they give themselves a pay rise, minimum wage increases proportionally. Also healthcare and pensions.

Open ##1862672
@Doublenut@lemmy.zip 2026-04-29 00:32

The comment above yours laid out the details in this bill which include automatic increases adjusting with the median national income. I think that's about as good as it could get coming from the federal government You could loby your local/ state government for additional adjustments based on COL, something i could see happening in NY, California or other high COL places. At least I could have seen in the pre-weasel reality, but who knows on this hellsphere.

Open ##1862673
@Tetragrade@leminal.space 2026-04-28 20:32

Nah mate that has a chance of working, can't have that.

Open ##1862674
@rounding_error@lemmy.today 2026-04-28 19:51

inb4 gop uses this calculation to set the minimum wage to like $10

Open ##1862675
@arrow74@lemmy.zip 2026-04-28 22:57

County could get far too complex. By state would be fine. If counties had a set size or population that would be more reasonable, but they don't. In some states you can easily drive 3 counties over for a daily commute. In others it can take over an hour to drive out of 1 county. That alone will create inequities

Open ##1862676
@crwth@piefed.zip 2026-04-28 20:23

If you indexed minwage to the local affordable housing costs, there might be more interest in building some.

Open ##1862677
@quick_snail@feddit.nl 2026-04-29 02:09

Or just abolish the wage system. Make it illegal to pay a wage. Instead make it a calculation based on the company's profits, split evenly by all employees.

Open ##1862678
@Bbbbbbbbbbb@lemmy.world 2026-04-28 20:27

Unfortunately Federal minimum wage is not going to do locality calculations, that has to come down to locality or state intervention. And thats not discounting the fact that a federal minimum is obviously going to have a direct hand in blanket changes

Open ##1862679