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Democratic Governance
(lemmy.world)
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this post was submitted on 27 Jul 2024
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What many legislative bodies with outdated minimum wages need are minimum wage committees or commissions, i.e. institutions that arbitrate between democratic employer and employee (e.g. unions) associations on a regular time frame (say 1 or 2 years) who create binding minimum wage tariffs.
Oregon changed their minimum wage to step up over several years, split slightly between the major urban centers and rural areas, and go up based on consumer price index after that. Works well.
https://www.oregon.gov/boli/workers/Pages/minimum-wage-schedule.aspx