@mattklewis The Harkin-Miller bill he just endorsed does peg minimum wage to inflation after raising to $10.10 http://1.usa.gov/1iJ6ApS
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@billscher@mattklewis and $10.10 would be historically unprecedented, so permanently higher than it’s ever been -
@swinshi@mattklewis nope, was $10.56, in current dollars, in 1968 http://bit.ly/1iJ7XEY -
@billscher@mattklewis nope. That uses cost-of-living adjustment none of fed stats agencies use. Try $8.30http://www.economics21.org/commentary/how-solid-case-raising-minimum-wage … -
@swinshi@mattklewis right, because everyone agrees on chained CPI -
@billscher@mattklewis there’s a pretty strong consensus among those who study issue that CPI-U is lousy. But try CPI-U-RS if you prefer… -
@swinshi@mattklewis this is all a bit of a quibble. $10.10 would be historically high. Some say that's a good thing. - 1 more reply
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@mattklewis@DailyCaller they won't.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@mattklewis So they can then politicize the calculation of inflation?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@mattklewis@DailyCaller Because then they can't make it a national discussion every 4-5 years.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@mattklewis It's exactly what will occur if he decides to go across the board w/wage increase.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@mattklewis@DailyCaller because they want to make it an issue every possible momentThanks. Twitter will use this to make your timeline better. UndoUndo
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