The state/federal minimum wage is independent to the Cost of Living and Inflation
Keeping it stagnant forces many people to rely on government assistance which puts the burden of Cost of Living on the tax payer instead of the employer. Unrelated, but I also believe that top earner's pay in companies need to be capped at x% of lowest earners pay to incentivize companies growing together instead of golden parachutes for executives. Also I believe that Shareholder Dividends should be restructured so that more profits are reinvested in the companies and employees. Stocks should just be considered like trading cards not revenue generating investments. Companies should be incentivized to become more valuable, not to suck all the value out of the company and given to executives and shareholders.
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