Originally posted by HYHYBT
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Ideally, it should be raised to about $10.55/hour. Which equalizes it for inflation with what minimum wage paid in the 60s. That would put it on par with other industrialized nations. Then it can be tied to inflation and raised annually.
Minimum wage in Canada varies from $10-$11/hour depending on the province and is reviewed and increased every 1-3 years or so. Some provinces adjust it annually based on the projected Consumer Price Index. So purchasing power remains the same.
Which would probably be a good idea in the US as well. Tying it to the Consumer Price Index.
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