re: The GOP House should tie minimum wage to the CPI.

quote:

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1.) Short term it will give the GOP political cover because they are "doing something" about the minimum wage.

2.) It takes the minimum wage issue off the table forever. Because of this the Dems and Reid will not pass it.

3.) In terms of monetary policy, potentially additional pressure will be put on Federal Reserve from the businesses that hire low wage workers (which there are many) to slow down the printing press.

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this is a good idea, but won't fly unless they raise the min wage now. Since CPI is low single digits, they would be correctly called out as making a symbolic gesture only.