this post was submitted on 04 May 2024
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A Boring Dystopia
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Tying the minimum wage to inflation is a good strategy. Combined with a method to keep the executive class from exponentially lapping the labourers, you'd have the makings of a nice first world nation.
The road to getting there isn't enjoyable though. Just go with the flow, and one day these problems will be irrelevant.
The government already intentionally understates inflation through changes to the CPI, this would just further incentivize them to understate it even further.
You're right of course. I suppose in an idealistic world, elections would be publicly funded, with no methods of outside money to take influence over candidates and therefore policy. A utopian dream perhaps.