> As in Minimum wage should be raised to meet the Median.
My concern is it could lead to run away inflation unless there were controls to ensure the costs to rebalance things didn't just passed along to those at the bottom anyway.
Inflation is a concern though the last two decades have shown that the fear may be overrated. In any case, nothing is worse for inflation than UBI and people talk about that seriously...
P.S - After reading more into this idea I think that setting high ratio goal of Minimum-to-Median (75%???) might be a direction worth exploring... we have an excellent, proactive provincial government in BC, maybe I’ll go look for the suggestion box...
“The minimum wage should be the median wage”
I’m not sure if it should be a rule or a goal or be anything at all, but thought it’s a thought worth putting out there.
Edit: thinking in context of country, or province but also in context of company or group.