Because the CPI is fake, we buy 50% of mortgage bonds in order to depress mortgage interest inflation, and the index is actively manipulated. If you wanted to match real inflation with a minimum wage you'd need either no monetary inflation, or a non-political CPI index that cant be manipulated.
this post was submitted on 31 May 2025
49 points (98.0% liked)
British Columbia
1769 readers
37 users here now
!britishcolumbia@lemmy.ca
News, highlights and more relating to this great province!
founded 4 years ago
MODERATORS
That's the problem with having a minimum wage that covers an entire province.
Metro van cost of living is a lot more expensive then the rest of the province. $17.85 would be fine most anywhere else except places like Kelowna perhaps.
Its sort of the cost of living in a place like Vancouver though, if you want to live with dignity while working a minimum wage job maybe try moving to a smaller rural town.
If we set the minimum wage to $27 just because of Vancouver then everywhere else will be living like kings.