This week's US Economic Experts Panel statements:
A) A federal minimum wage of $15 per hour would lower employment for low-wage workers in many states.
B) A federal minimum wage that is pegged to state and/or local conditions such as the cost of living would be preferable to the current arrangements that give states a role in setting the policy.
Keyword: cost of living
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This week’s IGM Economic Experts Panel statement:
The annual indexing of Social Security benefits to increases in the consumer price index for urban wage earners and clerical workers (the CPI-W) leads to higher benefits than would be required to compensate recipients for genuine cost-of-living increases.
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