Thursday, February 02, 2006

Minimum Wage == Cost of Living?

The Service Employees International Union (SEIU) ran a competition recently to collect ideas for improving our economy and our day-to-day lives.  It was called Since Sliced Bread and they got some really interesting ones.

My personal favorite was the number three finalist.  Submitted by Filippo Menczer of Bloomington, Indiana, his idea was to tie the Minimum Wage to the Cost of Living Index. In this way it becomes a minimum purchasing power, not minimum inflation-bound dollars.  Read more about it here.

I really like this idea and I expect you all to write a letter to your Governor and Congressmen so they can get right on this one.

Have a better idea?  I'm all ears.

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