Romney has said that he advocates automatic increases in the federal minimum wage, "indexed" to some public metric like cost of living or inflation. This would be an historic first, as so far, all minimum wage increases have been particularly legislated, with definite increases at dates certain.
Thank you for the explanation, Cboldt!
If minimum wage were indexed to inflation the following results would happen:
1. The continued posing of the democrats as “defenders of the working man” through minimum wage votes (which always end up passing) would be removed.
2. If minimum wage were indexed to inflation, we would suddenly see REAL inflation shown, instead of the fake low inflation we have now. (They are ignoring increases in fuel, food, and power.)
I am NOT saying I support this. I am just indicating that there would be some consequences that perhaps people don’t see. I am not certain Romney’s thinking on why he supports this so perhaps it would be good if he addressed this issue.