In this episode we will explore the Federal Minimum wage. This is a complex issue and has many nuances but we are going to focus on one primary aspect in this episode and that is how the Federal Minimum Wage has increased over the years and what that looks like when compared to the Cost of Living Adjustment, or COLA, used by the Social Security Administration to compensate recipients of Social Security for the cost of inflation.
We will answer the questions of what would have happened if the Federal Minimum Wage was tied to COLA.
Show notes and transcript: https://storage.googleapis.com/boring_facts/BF-0003_MinimumWage.pdf
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