Ontario is considering tying minimum wage increases to the consumer price index.
This is an ok idea, but the CPI is systematically fiddled to decrease stated inflation, because a lot of costs are linked to it.
A better way is to link it to productivity increases.
But the best way is to link it to increases in the top 1%’s or the top .1%’s income.
(There are better ways in a different, fairer economy. The one I favor is to start it where the person who is at the bottom 10% is. From then on increase it by the average of non-fiddled inflation, average income, and the top 10%’s income.)