Most jobs will give you a performance review and a raise every year to account for inflation and any increased duties you’ve taken on. We increase minimum wage by massive amounts after far too many years which causes all sorts of economic concerns, business complaints, and just a bunch of arguments everywhere. Shouldn’t they just increase minimum wage 3.5% or whatever, every single year?
3 points
I was wondering if it would have less of an impact if it was raised incrementally instead of sudden big increases.
It probably does yeah. You can clearly learn sth about power within our system by seeing which jobs adapt their wages to inflation first. Aside from the ones who are in high demand anyway.