“Yes and adjust it each year for inflation based upon all items including futures traded items like food, etc. Current Inflation rates do NOT include the excessive increases in food (grocerys), gas, power costs, and other necessities for living in the US. If inflation goes down because of those items, then so will the wage as needed. Biggest issue: 1950 wage 1.25 for washing cars, house 10000, car 2000. Today: 7.25 for washing car (5 times), house 100000 (10 times), 20000 car (10 times). And the rich bigots require increase profits without give a proper wage? every person they fire to increase profits can hit them in the face.”